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Reproduced from the Unclassified I Declassified Holdings of the National Archives

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.D T U 5 S '5

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> U*S* Federal Reserve Bank Organization
Comiittee*
Exhibits and letters submitted at
h earin gs...(S t. Paul)
Minnesota*

m
I

Reproduced from the Unclassified I Declassified Holdings of the National Archives

BRIEF IN SUPPORT
of the

City of Saint Paul for a Regional Reserve Bank
T H E C A P IT A L O F T H E W H O LE N O R T H W E ST
Business development as a rule follows the lines marked out and
the channels worn by history. The Northwest is no exception.
Three-quarters of a century have passed since the first settlement
of St. Paul. For more than sixty years it has been the focal point
for the financial, historical and governmental development of all
the upper portion of what was originally the Northwest Territory.
From St. Paul have radiated lines of business that put and still keep
the people of these states in close touch with their natural and orig­
inal center. From St. Paul enterprising men have gone out to estab­
lish new centers of business throughout the tributary country.
Everything has contributed to make and to keep this city the place
to which the people of the Northwest naturally look for business
leadership and business accommodation.
It will be in place merely to state, without elaboration, a few
of the principal points which entitle St. Paul to consideration from
a business point of view. It is the capital of the State; and, in a
real sense, the capital as well as the gateway o f the Northwest.
It is the head of navigation on the Mississippi River, and known
nationally as the most important railroad center west of Chicago
and north of St. Louis. It is the leading jabbing center o f this
section, having in the staple lines such as dry goods, groceries,
drugs and hardware, houses that are among the largest wholesale
establishments in the country. It is the largest dry goods and
gents’ furnishing market in the Northwest, jobbing in these lines
alone $16,000,000 annually. It has the second largest wholesale
toy and notion house, and is fourth in rank in the distribution of
millinery goods in the United States. It is one of the largest boot
and shoe manufacturing centers in the country. It has one of the
principal national live stock markets. The total loans for one year
on live stock were $7,500,000, and the money paid out thus for live
stock in 19 13 is estimated at $40,000,000. It has the largest law
book publishing house, the largest art calendar house, the largest
individual horse dealing concern, and the largest plants for the man­
ufacture of grass carpets in the world. It leads the country in
wholesale land trading. It is one of the six United States customs
ports where tea is inspected.




Reproduced from the Unclassified / Declassified Holdings of the National Archives

F E D E R A L IM P O R T A N C E O F ST. P A U L
St. Paul is a sort of sub-capital for the entire Northwest. The
fiscal departments of the Government located here take in, through
the Customs and Internal Revenue offices, in round numbers, four
million six hundred thousand dollars a year. It is Post Office head­
quarters, all funds for the State being sent to this office. It is the
headquarters of a railway mail service for the tenth district. It is
the headquarters for the rural carrier service. Here .is the seat of
the Department of Justice, including the United States Circuit Court
of Appeals, the United States District Court and the offices of the
District Attorney, Marshal and special agents. The War Depart­
ment formerly had headquarters here ; and since the rearrangement
of the military departments of the country, the purchasing agency
of the Quartermaster’s Department is still retained. It makes dis­
bursements for Forts Yellowstone, Keogh and Missoula, Montana,
and Fort Snelling, Minnesota, aggregating $500,000 annually. Sup­
plies are also sent to Fort Brady, Michigan. The Agricultural
Department have headquarters at South St. Paul, with a large corps
of inspectors for the stock received at that important market. Two
departments of the United States Engineers’ Service have their head­
quarters here. When the garrison at Fort Snelling is at full strength
the total annual disbursement on army account will be $850,000.
Since the business of the banks is co-terminous with the postal
service on which so large a part of the credit system depends, a fair
conception of the importance of the territory served from St. Paul
may be had by remembering that the Tenth Division of the Rail­
way Mail Service, with headquarters here, embraces the states of
Minnesota, Northern Michigan, Wisconsin, North and South Da­
kota, with jurisdiction also over mail service on lines extending
into Montana, Iowa and Nebraska. This sweeps in territory from
Sault Ste.'M arie on the east, Chicago on the southeast, Omaha on
the south and Rapid City on the southwest, westward along the
lines of the four northern transcontinental systems. To the whole
of this St. Paul has the relation of a commercial center. The total
route mileage, or miles of lines over which mail cars ran, at the end
of the fiscal year was 26,306, the total annual mileage 42,037,691,
and the total number of mail clerks, including officials, at the pres­
ent time is 1,722.
Twenty-four Federal offices, all, excepting the several agencies of
the Department of Justice representing distinct Federal govern­
mental functions, are centered in St. Paul. Their activities radiate
from this point in all directions from the upper peninsula of Michi­
gan to the Pacific Coast. All of these branches of the Government’s
work requre large funds for disbursements, and many of them take



Reproduced from the Unclassified I Declassified Holdings of the National Archives

in large receipts. The total list of Federal officials and employes in
St. Paul, and under jurisdiction of the Federal headquarters in
St. Paul, including the army, numbers 5,802 persons. The receipts
and disbursements of the St. Paul post office each range from four
million to four and one-half million dollars annually. O f the other
Federal offices, thirteen do not collect any money, but receive from
the Government an annual total of $1,571,968.74 for expenditures.
This, added to the internal revenue, customs and miscellaneous
receipts, makes a total of $6,377,078.78. Add the receipts and dis­
bursements of the Post Office and the total amount of Government
money handled in St. Paul annually is above sixteen million dollars,
and constantly growing. The increase in postal receipts in the ten
years from 1904 to 19 14 was 92.9 per cent. The St. Paul Postal
Savings Bank has had high rank from the beginning. Its net
deposits on January 1st, 1914, were $789,407.00.
All of the above is exclusively Federal money taken in and
paid out in the course of transacting the Government’s business.
It may be added as a not unimportant detail in the establishment
of the proposed Federal institution, that there are now three large
public buildings in St. Paul owned by the United States Govern­
ment, in which a regional reserve bank can be accommodated with­
out requiring the expenditure of any money for construction.
R A IL R O A D B U S IN E S S A N D C O N N EC T IO N S
The development of railroads in the Northwest States is one
of the chief factors of their past growth, the surest guarantee of
their future progress and an indispensable aid in binding them
together as a unit for banking purposes. In 1880, the seven States
above mentioned had 5,485 miles of railroad; in 19 10 they had
30,363 miles; in the last ten years their increase in mileage was
41.66 per cent as compared with 24.34 per cent for the United
States. St. Paul was the terminal of the first railroad built in Min­
nesota, and it remains the actual or potential terminal of the ten
railroad systems that now enter the city. These ten systems had
an aggregate mileage of 56,768 miles in October, 19 13. Three of
these systems have their general offices here. St. Paul is the
acknowledged railroad center for the whole northwestern country.
Upwards of ten million passengers pass through its Union Depot
every year.
The Minnesota Transfer, located in St. Paul, is the freight clear­
ing house for business extending from the Mississippi River to the
Pacific Coast and for a very large volume of business to the east
and south. In 19 13 the cars handled at the Minnesota Transfer
numbered 709,127 and the tonnage represented was almost ten




3

r
Reproduced from the Unclassified I Declassified Holdings of the National Archives

million tons. From 1904 to 19 13 the increase in the business was
70.7 per cent. The transfer yards contain 91.77 miles of track,
and besides the distribution of through freight cars, all of which
takes place here, they serve n o local industries which have track­
age connections.
To the financial importance of a business of this magnitude and
its need of home banking accommodation is added, the abundance
and ease of communication with the whole northwestern territory.
The number of trains carrying mail cars which arrive here daily
is 64, and the number departing is 65. Two fast mail trains, han­
dling mail exclusively, arrive and two depart daily from St. Paul.
The Great Northern special fast mail trains make the run from
St. Paul to Seattle, a distance of 1,8 14 miles, in 47 hours and 30
minutes, as compared with 50 hours and 35 minutes for the fast
mail over the Union and Southern Pacific from Omaha to San
Francisco. This Great Northern transcontinental mail train is the
fastest long distance train in the world. The through time schedule
shows how quickly all intermediate points are served.
An average of 340 passenger trains operating in and out of the
St. Paul Union Depot daily give abundant mail communication with
every part of the territory. This service has grown up naturally
in answer to the demands of the west; and, through it, business
connections which could not be disturbed without loss to all parties
have linked together the several communities of this territory from
St. Paul to the Pacific Coast. Their sentiment in this matter has
been doubtless made more or less familiar to you by direct expres­
sion. As mere incidental evidence of it you may be reminded here
that the banks of a city so far distant as Butte, Montana, in reply
to a request that they ally themselves with Seattle, Spokane or Port­
land in the request for a regional reserve bank, replied that all their
business connections were with St. Paul and that they preferred to
be represented here. It is not less significant in another way that
Duluth, the third city in size in the Northwest, and of particular
importance in a commercial sense as the entrepot of the enormous
trade of the Great Lakes, expresses its opinion on the whole sub­
ject in the following language, quoted from the editorial columns
of the Duluth News-Tribune:
“ That the Northwest should have one of these banks should be
conclusive without argument. Its development in the last twenty
years has been phenomenal. It is finding itself rapidly and poten­
tially. In its resources, its natural wealth and its human energies
it is the greatest region of all the States. It should be conceded
one of these eight banks without question; and, all things consid­
ered, we believe this should be located at St. Paul ”




Reproduced from the Unclassified I Declassified Holdings of the National Archives




REGIONAL RESERVE BANK AT ST. PAUL, VINil

Reproduced from the Unclassified I Declassified Holdings of the National Archives

NEED OF A NORTHWESTERS DISTRICT

The f i r s t

step- i n d e t e r m i n i n g where r e g i o n a l r e s e r v e banks a r e

t o be a p u b l i s h e d , must be th e d i v i s i o n o f the U n ite d S t a t e s i n t o

suitable d i s t r i c t s .

The s o l e d e s i r e o f your Honorable Body i s

to

c o n s u l t the b e s t i n t e r e s t s o f the whole c o u n t r y , and to take ouch

measures as w i l l most f a c i l i t a t e

i t s b u s i n e s s and conduce t o th e

s u c c e s s f u l o p e r a t i o n o f the new c u r r e n c y system.

The purpose o f

the f o l l o w i n g statement i s M e r e l y t o s e t f o r t h f a c t s ,

necessarily

u n f a m i l i a r t o you by rea son o f t h e i r more o r l e s s l o c a l c h a r a c t e r ,

t h a t may a i d you i n r e a c h i n g c o n c l u s i o n s ; and f i r s t

d e s i r e d t o pr ov e t h e p r o p r i e t y ,

t h e N or th we st ,

of a ll,

it

is

p o s s i b l y the n e c e s s i t y o f making

p o p u l a r l y s o - c a l l e d , , an independent r e g i o n a l r e ­

serve d i s t r i c t .

The term " N o r t h w e s t ” w i l l be used throughout w i t h two mean­

in gs;

the f i r s t

i n c l u d i n g the f i v e

s t a t e s , M in ne s ot a ,

North Dakota,

South Dakota, Montana and Ida ho ; and the second c o v e r i n g seven

states,

adding to t ho se j u s t mentioned th e s t a t e s o f Washington

and Oregon.




I t may seem b e s t t o you, who have a n a t i o n a l problem

1

Reproduced from the Unclassified I Declassified Holdings of the National Archives

to oonaider, to Include the entire Pacific Coaat from nortk to
south in one district.

It may seem best to you to make one diej

triot of the northern tier of state® from the Mississippi River
to the Pacific*

These seven states are closely tied to one

1
another by the faot that j h m ^ tr&naeontinental linea of rail*

road traverse them.

The Great Horthem, the Northern Pacific

«n t the Chioag©, Milwaukee & St. Paul Railroad®, rtuming from
s\.

St* Paul to Seattle, Tacoma and Portland, unite the* in a close
community of interest and of business relations.

flea euch as

these may easily override geographical conditions; ainoe the
bueineas of banka with one another depends so greatly upon abundant and quick intercommunication.
The figures given hereaftor are all absolutely official,
being taken either from the returns of the ini ted States Census
or from official reports by heada of departments or business
organisations.

They are intended to serve your convenience

whethtr yov decide to make a northwestern division running east
or west, ox to include only the more compact territory ending
with the Hooky Mountains



Reproduced from the Unclassified I Declassified Holdings of the National Archives

The total area of the five state® mentioned is 464,019 square
miles; and of the seven, 839,845 square miles.

This is from 15 to

20 per oent of the total area of the United States.

The population

of the fife states increased from 2,877,311 in 1900 to 3,936,20®
in 1910; and of the seven states, from 3,806,850 to 5,753,964.
The increase in the former case was 16.9 per cent and in the
latter 51 per cent as coepared with an increase in the United
States for the same period of 21 per oent#

Tou will undoubted­

ly, in delimiting reserve districts, take into consideration the
ratio and probability of increase in population and in every
kind of industry,

When these districts have once been estab­

lished, they cannot easily be changed.

A re-adj ustment of any

one would mean the re-arrangement of others, with all the confus­
ion incident to a transfer of banking relations and the possible
removal of one or more regional reserve banks from one city to
another,

j It can be avoided only by the creation in the North-

west of a separate district} for which there is abundant war­
rant in ths existing volume of business, and an absolute neces­
sity in ths certainty of coming development as measured by its




3

Reproduced from the Unclassified I Declassified Holdings of the National Archives

Past history and toy the amount of its undeveloped resources,
SOIL PRODUCTION.

This being pre-eminently an agricultural region, the amount
and value of so il products are indicative of present importance,
and their changes indicative of future growth.

the increase in

the value of a ll crops grown in the tJnited States between 1899
and 1909 was 83 per cent.

The increase in Minnesota was 67.3

per cent; in North Dakota 334.3 per cent; in South Dakota 184.1
per cent; in Montana 177.9 per cent; in Idaho 370.7 per cent;
in Washington 335.4 per cent and in Oregon 134.9 per cent.

In

Horth Dakota, Idaho and Washington, the crops of 1909 were more
than three times as valuable as those o f 1899.

In Horth Dakota

and also in South Dakota, there was, in these ten years, an in­
crease o f over one million acres in the area of land devoted to
crops.

Agriculture, which your committee desires especially to

serve and encourage, is increasing here at a rate which these
figures[show to he phenomenal.

That rate of increase w ill he

i

maintained substantially for many years to come. It goes with-




Reproduced from the Unclassified I Declassified Holdings of the National Archives

out saying that the marketing of these ©rope, valued in 1909 at
#563,668,657 for the t i r e states and at $691,634,435 for the
seven, demands ample banking fa c ilit ie s .
The annual reports of the grain Inspection departments of
Minnesota and I llin o is for the •crop year* 1911-1913 give the car­
load receipts of grain for their principal markets as follows:
Chicago 174,605, Minneapolis 130,905, Duluth 41,779.
calendar year 1913 they were as follows;

For the

Chicago 303,953 tars,

Minneapolis 160,554, Duluth 87,930; the gain for the year 1913
bringing the total for the two grain markets of Minnesota to an
amount considerably in excess of the Chicago receipts.

In addi­

tion to the enormous grain receipts of our d istric t a very large
business is done by St. Paul with the Canadian Northwest, which
w ill increase steadily with the development of that country and
the inevitable relaxation of t a r i f f restrictions.
VOLUM AND DISTRIBUTION OF BANKING BUSINESS
E

the Currency Act provides that each national bank shall subscribe for stock to the amount of six per cent o f its paid in




Reproduced from the Unclassified I Declassified Holdings of the National Archives

capital and surplus, and fixes the minimum capital of a regional
reserve bank at

#4 ,000,000.

By the report of the o ffice o f the

Comptrollerk
of the Currency as o f October 31, 1913, the national
banks of the fir e states mentioned have a combined capital and
smrplus of $67,757,987, and those of the seven states 198,849,316.
Six per cent of the former amount is $4,065,478, and of the latter
$5,930,958.

Either district, therefore, can qualify under the law

without callingt>r supplementary subscriptions as authorised in
the law and the results arrived at do not include Horthem Wis­
consin which is tributary and should be in the d istric t.
A better basis for calculation in a case like this is the
total amount o f capital engaged in a ll kinds of banking business;
and even more so, perhaps, the total number of banking institutions.
With an eye to the future, the nuastser of banks, indicating
the needs already fe lt in a growing section, establishes the true
relation o f the territory considered to the whole country.

In

both rjespeots, the claims of the lorthwest and of St. Paul are
s ta tis tic a lly entitled to consideration.
i




According to the report of the Comptroller of the Currency,

6

Reproduced from the Unclassified I Declassified Holdings of the National Archives

the number of national banks on July 7, 1913, in the United State*
was 7,490.

The number in the five states was 631, and in the seven

states was 792,

The latter is almost one-ninth of the whole. The

number o f a ll financial institutions reporting, including state
and savings banks and trust companies, by the same report was
25,963 for the United States, 3,883 for the five states and 3,493
for the seven.

The former is one-ninth of the whole approximate­

ly , and the latter is nearly one-seventh.

Beyond a doubt many of

these institutions w ill apply for permission to com in under the
e
new law.

But merely on the basis of the number of existing nat­

ional banks, as related to the whole number, and as Indicating
immediate financial needs of a country in the fu ll tide of growth,
the claim of the Northwest to be constituted a separate d istric t
seems to be well founded.

The total loans and discounts of a ll

banks were, according to the Comptroller*e report, $575,093,168
for the five states, and $798,503,331 for the seven.
for centralized banking purposes, St. Paul and Minneapolis
can be| considered as one great city of more than h alf a million
i

j

peoplej.

In addition to the other reasons contained in this state-

i




7

Reproduced from the Unclassified I Declassified Holdings of the National Archives

meat, why St. Paul is entitled to precedence, it® present banking
business shows a volume worthy of the establishment of a regional re­
serve bank.

The total capital stock, surplus and undivided p rofits

of a l l its hanking institutions is #13,319,646.

The government

deposits here, October 1, 1913, were over 13,000,000, and the balance*
o f country banks were over $18,500,000.
was |459,853,733.

The exchange drawn in 1913

A ll the accounts o f the State Treasurer of Minne­

sota in behalf of twenty-three state institutions and twenty-nine
state departments, with three exceptions, are kept with St.Paul
banks.

The transactions of the State with the 330 banks throughout

the state with which it does business are conducted through St.Paul
banks.

The following statement of business done by the State

Treasurer of Minnesota during the year 1913 is more significant than
an argument could be:
Withdrawals

Deposits
St.Paul Banks




#18,933,165.76

#18,403,914. m

3,460,105.53

8

Reproduced from the Unclassified / Declassified Holdings of the National Archives

TH CAPITAL OF THE W O NORTHW
E
H LE
EST.

Business development as a rule follows the limes marked out
and the channels worn fey history*

The Northwest is no exception.

Three-quarters of a century have passed since the f ir s t settlement
of St* Paul.

For more than sixty years it has been the fooal point

for the fin an cial, historical and governmental development of a l l
the upper portion of what was o rigin ally the Northwest Territory.
Fro® St. Paul have radiated lin es of business that put and s t i l l
keep the people o f these states in close touch with their natural
and original center.

From St. Paul enterprising m have gone out
en

to establish new centers o f business throughout the tributary
country.

Everything has contributed to make and to keep this

city the place to which the people of the Northwest naturally
look for business leadership and business accommodation.
I t w ill be in place merely to state, without elaboration, a
few of the principal points which entitle St. Paul to consideration
from a ^usiness point of view.

It is the capital o f the Stats| and,

i
|

in a real sense, the capital as well as the gateway of the North­




Reproduced from the Unclassified I Declassified Holdings of the National Archives

west*

It is the head of navigation oWj th£ Mississippi River*and

known nationally as the most important railroad center west of
Chicago and north o f St.Louis*

I t is the leading jobbing center

o f this section, having in the staple lines such aa dry goods,
groceries, drugs and hardware, houses that axe among the largest
wholesale establishments in the country*

It Is the largest dry

goods and gents furnishing market in the Northwest, jobbing in
these lines alone $16,000,000 annually.

I t has the second largest

wholesale toy and notion house, and is fourth in rank in the dis­
tribution o f millinery goods in the United States*

It is one o f

the largest boot and shoe manufacturing centers in the country. It
has one of the principal national liv e stock markets, so import­
ant that the details o f this w ill be given separately.

It has the

largest law book publishing house, the largest art calendar house,
the largest individual horse dealing concern, and the largest
plants for the manufacture of grass carpets in the world*
leads jfc e country in wholesale land trading*
h

It

It leads the United

States in the manufacture of high-class furs and high-grade re­
frigerators.




I t has one of the largest plants in the world for the
10

Reproduced from the Unclassified / Declassified Holdings of the National Archives

making of gasoline fir e engines.
storage plant in the Northwest.

It has the largest public cold
I t has one of the six: United

States Customs Ports where tea is inspected.

These are som of
e

the principal items in a l i s t which might be lengthened to a
considerable extent.
FEDERAL IM
PORTANCE OF SAINT PAUL.

St. Paul is a sort of Sub-capital for the entire Northwest,
The fisc a l departments of the Government located here take in,
through the Customs and Internal Revenue o ffic e s, in round num
­
ber s*. four million six hundred thousand dollars a year.

It is

Post Office headquarters, a ll funds for the State being sent to
this o ffic e .

It is the headquarters of a railway mail service

for the tent d istric t.
rie r service.

It is the headquarters for the rural car­

Here is the seat of the Department of Justice,.: in­

cluding the United States Circuit Court of Appeals, the United
States D istrict Court and the offices of the D istrict Attorney,
Marshal, and special agents.

The War Department formerly had

headquarters here; and since the rearrangement of the m ilitary




U

Reproduced from the Unclassified I Declassified Holdings of the National Archives

departments of the country, the purchasing agency of the Quartermaster1* Department is s t i l l retained.

I t makes disbursements for

Forts Yellowstone, Keogh and Missoula, Montana, and Fort Snelling,
Minnesota, aggregating $§00,000 annually.
to Fort Brady, Michigan.

Supplies are also sent

The Agricultural Department have head­

quarters at South St. Paul, with a large corps of inspectors for
the stock received at that important market.

Two departments of

the United States Engineer*® service have their headquarters here.
When the garrison at Fort Baalllng is at f u ll strength the total
annual disbursement on army account w ill be |850,000.
Since the business of the banks is co-terminous with the
postal service on which so large a part of the credit system de­
pends, a fa ir conception of the importance of the territory served
from St. Paul m be had by remes&ering that the Tenth Division of
ay
th$ Railway Mail Service, with headquarters here, embraces the
states of Minnesota, northern Michigan, Wisconsin, lorth and
South Dajkota, with jurisdiction also over mall service on lines
e*tendlnjg into Montana, Iowa and Hebraska.




13

This sweeps in te r-

Reproduced from the Unclassified / Declassified Holdings of the National Archives

X itm j twm S ta ll t 0 ta #
a a a t* Oimha

on th a a a a t* Ofelo^to on th a S outh

o attth and fta p ld C it y on th e

ffaatwasv!

y W .

a l® n § tb s l i n * e o f th « p m # n o rth e rn trftB a o o n tin e v ita l ayatem st
?©■ th a w h a le o f t h la # Bt« Pml Im e th a jr a l * t lo n o f a o o m s ara i& l
aantaar#

fh a t o t * a r o u t# tftila * $ a * o r m il# © o f l i n # » ovfsr w h ic h

m i l e a r a r ^ n , a t th a end o f th e f i s c a l y e ^ r m a 3 0 *3 0 ® * th a t o t ­
a l annual

4Ma
0^7§ l $ m& th e t o t a l nmribar o f m il o la * & a #
M

in c lu d in g a f f l e i a l i i , % th a r-ra e a n t %tm I t
%
W ith o u t f o ln g In to - d a tftU # tfe# ? ao o rd a atief? t h ^ t t» a n ty ~ fo u *
F a d a r& l a f f l o a a * * a i # a x o a r-tin # t& * a a v a r a l n ^ a n o ia ii o f th a &•**
pavtfftant o f Zxmtiw r a p r a a a n tin g d i o t in o t F a d a ra l {$©*ernm «nt&l
fu n c tio n s * mta © u n te ra d i n 0t« P m iI*
t h l a p o in t in a l> & l r # t l r m «
to tfta f a e i f l o C o& at*

T h e ir a a t l Y i t l t ® r a d t a t a fr a s

ilia u p p a * p a n ln a u la o f MloMf^m

A l l o f th a a a branch©** o f th a (knrar n ^ a n t*e

w©*k r e p a i r * } a * g a fu n d s f o r d l^ m r a a a a n ts * and many o f %
ham t tike
I n 1 -xr^t r a o a lp ta #

f h * t o t n l ll* ? t o f V a d a r& l o i ’f l e i & l a and <us~

p lo ya© i n i t # P *.u l* and u n d a* j u r l a d i o t l o n o f th e f a $ a * & l haa&»
i

owaurterp vn A t,




in o Jw U n *; th« a n ; , nuitlxuru 5 ,8 0 « p * r » o n * .

13

Reproduced from the Unclassified / Declassified Holdings of the National Archives

I t woultI be tediou* to give the separate I t m of their balance
tm
sheet®, any or a l l of trhieh can be furnished i f deal red.

I t is

suffioient to state her# that the receipt® and ai ©bur ©siaente

0|

the St* Paul Poet o ffic e each range from four million tc- four and
one half a million dollar «» annually*

Of the other Federal ©ffiuss*

thirteen do not oolleot any money, but receive fros the government

an annual total o f $1,571,988*74 for expenditure®*

this* added to

the internal revenue, customs and miscellaneous receipts* m
alted
a total o f |$*377,078*7$*

Add the receipts and disbar sei&ente of

the Poet Office and the total amount o f Government money handled
in Saint Paul annually is- above sixteen million dollar** and
constantly growing.

The Increase in postal receipts in the ten

ys&
rssi from 1004 to 1914, was 93.9 per cent*

The money orders

Issued are well s^beve a milt ion and a half yearly, the money orders
paid over two million© and a half#

The St* Paul Postal Savings

B ::, has had hi?p. rank from the beginning*
an

Its net deposits on

January I at* 1914, were |7fi9*407*0O*
i

#

ju i o f the above is exclusively Federal money taken in and




14

Reproduced from the Unclassified / Declassified Holdings of the National Archives

p&id out in the mmm of trsms&oting th* S © ? w »| * b 'bmXmm*
It

m be
y

added

ma not u n i& r o r tfu it

d e t a i l in th# e s ta b lJ fthrairat

of tb s proponed Federal i n s t i t u t i o n * t h a t thej?e are now three
la r g e p u b lic b u ild i n g * in S t* Pawl own#d fey the tlnit#d S ta te s
G overnm ent* in

n r e g io n a l r e s e r v e bank o *n be aoeo&RKxtated
r

without r e q u ir in g tbs e ic re n d itu r# of any ©oney f o r mnettwlimi*
HAILHOAD BOSIKEBB Aim 00«llf0Tl0SS*

The d e v s lo p im it o f railroad® ip th # JforUm rest s t a t e s i s one
o f the c h ie f faetore of t h s l r p a s t g ro w th , th e surent guarantee of
t h e i r f u t u r e ra re n e s s and a n lndt&?^en*««fele a id in b in d in g them

together a® a unit for b^nfclng £>ur?eee*«

In 1?1§0# the seven

states above s e n tto n e d bad 5*405 miles of railroad* in 1910 they
bod 30*36$ miles; in th e l a s t ten yearn their in a re a a #
was 41*00 ?er c e n t as

Stats®#.

mpr & it h
m®w
n

34*34 per sent for th e 0fcit#d

S t . Paul was th e t e r m in a l of th e f i r s t railroad built in

Minnesota* and it

m % th e
mim

a s t u a l or potential terminal of tb s

ten r-Mlrcnd oysters that no# enter the otty*
i




in

1§

these ten systems

Reproduced from the Unclassified / Declassified Holdings of the National Archives

had an a g g re g a te ttile & g a o f § 6 *7 6 8 m ile® in 0 a t$ fo e r* 1 9 1 3 *
have t h e i r general affi«ea h a r t#

tb e * #

T h re e

8%« P a a l in th e

acknowledged railroad center for the whole northwestern country#
Upwards of ten million p^esen^ere #a«a through its Onion Depot
im y

y e a r#

The Minnesota Transfer* located in St# F*.ul* i# th e freight

olearing hou$* for buaittaee extending from the Mieeiaaipri Biver
to the Pacific C oat and for a very large ’ olume o f bu«-lM««
v

the

m" and amith*
i%
s

In 1013 the oars handled at the Minnesota

Tranefer nuiriberud ¥09*137 and the tonnage represented
wont ten million tone#

m al<*
®

frois 1904 to lil3* the inoreaee in

th e feu»iM <i« waa 70*7 per c e n t*

The transfer yard® oont&in 01#77

m iles* of track; sad beeidee, the distribution of th ro u g h freight care*

all of whioh' take plsoe here* they serve 110 local industries whieh
bave trackage oenneotlon®#
To; the financial it^portanee of a bueineaa of thin ma^ltud#
i
i
I

and it# 'seed of hone banking? accommodation* is added the afeund*
an©e and eaet of aemunlo-^tion with the whole northwestern ter*
ritory*




T e m a e of train® earryin§ m il oar© whiah arrive
h - a fe ir

Reproduced from the Unclassified I Declassified Holdings of the National Archives

fee re daily Is 64, and the number departing in 65*

Two t$n % &&1X

train®, handling mail exclusively, arrive end %m depart daily

tr m St* Paul.

The Greet

Her

them special fast mail train® it k «

the run fro» St* Paul to Seattle, * diatanoa of 1814 mll&n9 in

47 hours* imd 30 minutea, a* compared with SO hours and 36 trinutee
for the fast » i 11 over the Union and Southern Pacific fro® Om
aha
to San Fraud eoo*

Thi© Great Northern transcontinental a c il trtin

is the faateet long diattnoe train In tho world*

The through tiiae

schedule ®howo how quinkly a ll intermediate point#? are aarvfrd*
An average of 340 paaaenger treine operating in and out of
the St* Paul Union Depot d e ilj give abundant a® 11 oonisunloation
with ave iy part of the territory*

This service M® grown up nat*

ur&lly in answer to the deaande of the weatj and, through i t , bueInese connections Tthleh could not be disturbed without looo to e ll
parties ha*© linked together the several eott&unltiea of thin ter~
ritory from St* Paul to the Pacific Co-^t*

Their f&entiirient In

thiK matter has been doubtless made ®or© or less faw lliar to you by
dtireot expifeoaion*




A® mere Incidental evidence of It you may be

Reproduced from the Unclassified I Declassified Holdings of the National Archives

r # » iiid # d h s r# t h a t th « trnnfcs o f * © it y m im d i » t a n t m B u t t # ,
M ontana, i n r s p ly to a ra q u o iit t h a t th s y a l l y t h * M # l v # « w it h
@ * & ttl# # S pokaa* o r P o r tla n d in th # r # q u * « t f o r a r s g io n n l re s e rv e
bunk, x s p lls d th m t a l l t h « i r bunin##® Qonmoticnts w #re w it h Sit
P a u l nnd t h a t th s y p e # f # ir m to b # r# p r# # # n t# d h#r#«
d

I t is n o t

is s s s i g n i f i c a n t in » n o th # r way t h a t D u lu th * th # t h i r d o i t y in s ia #
i n th # H o rth a ro a t, and o f p a r t i c u l a r ia p o rta n c e In a ooiaaatroial
0#H0# a© th « e n tr e p o t of th e «M©rcjous trad# o f th e G r« s t I *mkm§

s x p re s # # # it® ©pillion on th# w hole -tub;) n o t in th e f o llo w in g la n g u a g e *
p ^ t t 4 from th € X d l t o r l a l eolum ns of th # D u lu th Hew# T rib u n # *
•fhfit the Horthweist should hare on# of thead baake should be oonoiu«t*e without argument*

h»# b##i* phenom enal*

It# dev#l©r*»#ai in th# last twenty y#&re

I t i * f in d in g i t s e l f r a p id ly and p o t e n t i a l l y *
\

In its fesourees* it# natural w#alih and ite human #&#rgle*» it "is
j
i

t h t g r e a t e s t r e g io n o f a l l th e s t& te e *

I t should be ©©needed

Ofti o f th e s e _ # % h t b a n k 3 w ith o u t q u e s tio n ; and* a l l th in g ® con**
*ld»:e*ij[ w*




m * aftmald bo toofttoul at St. £aaJk
»t

IS

Reproduced from the Unclassified / Declassified Holdings of the National Archives

M H T cm sa a w
A OA m

ta m x m *

I t in natter for r#gr#t that m acouxate static ties hm ®
b«tm %%p% from year to jre&r of the volti&e ^f the jobbing tra it In
the Wcrthwent*

It is* however* a tm % well knotm eve** outside

thie r e g i o n , m ud unqu*atione4& within. it*
bing center*

it# PhuI I s

its

job­

It hae been the controlling point .of the whoiee&le

trs4e as long ae it ha# been the railroad center* and fo r a gits*

Ilsur xe&aozu

Its hcuaee mmI their repxaaent&tivea and eell their

good# all tliro^gh the territory to the shore# of Puget Sound*

The

aget reliab le aattan.te of the total trade in round numbere la
$400,000,000.

While the nativity of a coromnity in mamfaoturing is uaually
In rxo^lrtien to it© &gs* the Vox threat 1« m k Ing great ^rogxeaa in

that pirtiomlmr; M r ing just reaalied the. atage of growth whaxa it
i® praatioaM# to make at & profit a large thare of the pxwSxiota

former'!^ brought from point« ftxrthex taat*

J reference to the
l

Cexiaua report on mamUfaoturaa aatafelea thia law* and exhibits




If

jg g g S fU g iB iy

Reproduced from the Unclassified / Declassified Holdings of the National Archives

ill# rmorkatoX*

of

X r min % mum t gH *
mm
h mf t im mi®
m

m o % Bofttnwmt# fh total
mf m
»

valu# of n*»u£<*atu*«« it th#
*

fly# #tmt#n at th» lM t o#n#u# m# $d42#100#000j and in
•tat#*, | 8 ii#i i l #000*
•$u»try in

t m g*m
ki
x

it* PiMal1#

%m
m tm

tw t#ntii in th#
®

in x u r # of wag# e^yrnera, -rd ti#d fc r fou*<
x x ib r
ai
w

t##ntti pin## la gain in mitt# of produata*

t&* ina*«a$# between

1904 and. 1909 in wag# •turn*?* in it* EwI tia 34# 6 p«r o*ntf and
la w X
% tt# of $?odu*t#» S3#f p*v cent*
MHEXHO MB THE CHiUfOE I I AGRICULTURE*

imping in view m t o n lf the %u»ifi«ss at p**##nt asntb,r«d in
i t * Paul but is p r o t e i n future inorta#** and th® ohnng## In i t ®
dlat?lbutldn 9 pretoahXy nothing i s »e>r* iepiwsaly# than it # posit*

ion n# ii liv e *to*fc i»&?k#t#

?h# fo?thw#ot is

p tX y and must
tim X

i

aXway* Jr*/min9 f i r i t o f a i l # an

fa r itd

legion*

2#iyrg« -m
d

:i§ &r# I t * &in*?aX ?*&>»?#* » 9 at th* toad o f tak* Sup^riot

and in teh* Hoo^f W o m % tk in » t and i t s liMfe**? *urpiy# tto extent o f
f#rtil* f ayaliX* Xand i « so Imam# and it# produotlt#n### m ?•«»




20

Reproduced from the Unclassified I Declassified Holdings of the National Archives

m a rk a h l# t h a t p x t m m f m & eeo o n d sry p m $ w % * of th e e a r t h w i l l
u lim y # c o n s t it u t e I t #

mmtm o f w e a lth and th e b m l* and

® # *# u r# of I t # f i m t n o l d t r a u M f t l e M *

b that which decree# a
m

■lo law in better e#tal>li#h#d t

change from whent p ro d u c tio n to < asore d i v e r s i f i e d tnduatjry, a d
*
ni
etfeoimliy %o the r m |# Iii§ o f live fttoafc* a# % region adv&noe© in
j* a * # «

Agriculture feeeone* acw p r o f i t a b l e by becoming isere

inteneive*

fhi# mtnns not only the # u b # t it u t io n o f ftarm f o r
#

g ra ftin g land* lint th e growing of © er« lit# etoefe

0*1

fame*

A

#on«14»4hibl« p o r t io n of the land prevtsuely us«d for wheat rain­

in 1# devoted to tli# raising of coarse grain#
g-

m fodder eror*
d

for th # fe e d in g of l i r e utooit* which is im e n a e ljr n o r# profitable*
fla United S ta te # 0en#»m r e p o r t# . »h©w a decrease of 1S*$ per
m

cent i n the t o t a l wheat moreage fro m 1899 to XiOt#
a re a # # tboi pl&oe in the older #tate##

thin. de~

V&lle there w m a v e ry

large in ■reaae i n l o r t h Bako t a , M ontana* Idmho &t*& W a s h in g to n ,
the a re a fell off §0«1§ p e r c e n t in Minnesota and 1 9 * $ per c e n t
In tout! D ak o ta acid 13# 6 p e r c e n t i n O reg o n , th e # # e t a t e e b e in g




Reproduced from the Unclassified I Declassified Holdings of the National Archives

vM m

ffc o m m

f o l l o ^ i n r t>ws

i*s shown

a oorr««nf»iirii^ dooroaiw

m*% p#r

01M

in tho State of Htw Tork# 58#3 p®r ©ont in Eioliiptn# 43 p#* cront
In Ohio and 74#a per o«ftt in Wiiioatartn#

the flay of the ®urv
r#^%oy

of who&t raising in th# Herthnroat had $&«**&•

Tho whtat

t#

*fcfli& reoeipte at prtimry teurkoto tm& a ll oott&erei&l and £in%n<sial
t
haood on who&t fx w in f
Th# at&atlt^ti®**

jatint j»o<jroo«lfoly doolino#

li*« otoofc p ro d u o tft £o* tho lo a d in g o«r~

« a l i t p ro o ««d in r* w o rt * & p id ly in th e 8 o ? tft* * & t th a n anywhor® oX so*
I n tha T ta ito d S ta to a th o nus&»*v o f a l l ©sttit on f&r&ct dooroaootf
&49l$#S44 In th o %m yo&r® b o t# « o n 1900 and iM0| but in th# i i m

fcrthw
ftftttium ftt& to * th* nu&feor imtmmti 8 1$#d 4? # and in t h * ooven
B tn tm

64S#096#

3u«h a-oho*ing i§ pooaiblo only cm th® toa$l# of

» pronounced ana por&antmt mmmm% toward. a ahaa^e in th o a g r i~

m
thodo tfc^t to® been rroTod oconojrtoally doair&bl#*

oultural
i® J u e t

k 5t3irmi.ficant that
®

It

th e e n t i r e in o r a a s * in tho v a lu o af

all o & tt:io on f<ur»9 in th« United States in ton y o a re is id o n tl**

m ^ith
l

tho iitoroaoo «ado in them# *oft« otatoa#

O^t of th#

tw
enty- fom * m i l l i o n odd d o l l e d for tho ^Jiolo c o u n tr y , a o ro th a n
*




aa

mmm

Reproduced from the Unclassified / Declassified Holdings of the National Archives

n i n t t t t n . n i l l i o n d e & l& r t o f th # 1mmm # m m in % tix*% tlm
im
ttn ttt*

Os>««ftiftth o f th e t n t i r t im tm m o f th « m i n t o f a l l

swine on farm© teofe pi&ot in tbt o&rat tt&ftto#

letting w&t nort

eltturly brought out in tba <Ut<mt«lon in oongjrttt on tht tarsur
of tbt ourrtnoy law# and in tht organisation of your Bonor&blt
Remittee* than tht jwpott I© oonmilt this inter#stu of tht

tm m trn

tvm

if it wtrt 6tei<!*<! that only ti$ht ouoh bftnfct

thcttld bo tstfiblithtti* Hit Sorthwtist in tbit partloulfiir i®
oltiuriy tntitl&d. to on#; and it will now b« <frown that mi tbit
j
b&tit St* P?*ttl is entitled to that one*

it * p m

as a

itn

stock market*

T h t South St« P a u l L i v t S to o l m r k t t t o t b t e o « t o u t o f t h *
g r t f t t t t t In t b t c o u n try * st*i$ i n i t # g ro w th f r «
h a t r t a l l y no r i v a l *

y tm r to y t& r i t

A ll t b t w t& ttv n r a r l t t t t th o w td m d m t m m

i

i n o n t t l 4 r t o t i p t t f o r 191$ m m p w e d w it h 191& tm ot.pt S o u th S t*
Paul md S a n ta * C ity #

i n o r t a ^ #

I n Hog r t c t i p t * S o u th Bt« P a u l shewed an

o f 57 p t r o # n tf t b r t t t im t e th « o o n feiiitd p « t t r a % t ^ t o f




21

Reproduced from the Unclassified I Declassified Holdings of the National Archives

gain® In all o t h e r asarkete*
was* eeoond o n ly to Qe&luu

In eheep r e c e ip t® South £%• Paul

B oth in a b s o lu te importance and in

r e l e t i t e growth the South it* Paul s to c k m r k e t i e on# of th e
*oet t a p e r t e a I In the o o u n try *

These l i v e *tock receipt** are

dietrihuted o ver, ell th e eit-tea of tho Borthw«afc# koxo than half
a rilllon sheep oozing fro® Montana alone*

South 8 t» Paul i s

by no neen e © ftiding or t r e lie f e r station for «took on tho wey
to Chicago* oe pr^otioslly all o^lvee, hog® and hcroest^ ©fi*S per
cent of tho outlie and SO pot cent of the eheap rooeita^ there
are alto eold there*

This iti also a etockftr and feeder market*

Vuoh of tho I I m

©took reotSved So returned to the country to bo fattened.

lo t#

than eae**half o f the 531*000 head o f ca ttle and ce lire s received
le&t year wore bought for that purpose*
in k in g fa c ilit ie s *

Thie demands excellent

doee of the f«m e r » who oew to that
se

ft*rket tc jfeuy l i r e etook fcev* uoney, hut mtmf o f then require te
I
i

he finanoid*
Heft enters m i m m t t m t relation of the live stock m rket
to the fit Ancle 1 intereetn m d tho financial focllStioo ocmtered




Reproduced from the Unclassified I Declassified Holdings of the National Archives

U St*
fc
a#

T l*
m

A g*r*€t loan buain««a# t© jU& the Xlvt ttook tiftt&i*

tiiXXt up quietly*

mm% f u t u r e (S em n d*.

It w
ill

t
o

fftui Im m o u ts ta n d in g *m*ie In S o u th St*P&uX

to fa rm e rs th ro u g h o u t th e H e irth ite e t

for

%r r
m m
m

mXXve

m.M w m to tm m one-half
m t m%
x &

tto o k b e in g p r e p w e d

doXlw##

fheet

3 m i were tmde by two bante* one o & t t t e X tyi romp&ay* tw e n ty
o

w m lmtm mn . f i f t e e n
m im m m

b r o k e * * X eo ^ ted in South S t * F m i *

the total Xoane for th e yea# **fgrei?it#d
l i o n doXXfire*

Q pt l *o eeg&oyed
&m
i

ereilt re e o u ro e e mre required#
the t t a t e * fro#, the
cluding Iowa.

one-ImXf mil­

turn® over quickly* and large

fh e e e loan© n e re e o & t t t r e d th ro u g h

M im T liver
im ip i

to th e lucky Mountains* In­

It 1# estimtei t h a t f000t0b0*00 of S ou th 8t«?nuX

noney i w loaned in this way in Montana*

A ©oneermti*# e#tl*»nt*

o f th e t p t a l auaouftt o f isonty p a id o u t f o r l i f t etocfc I n S t* F m il
lu r in g 15X3 i t f o r t y m i l l i o n d o l l a r * *
t a l i Item of t l i * * 6m * ¥ 9X*X *und f la a a o l f t l intereistf group­

ed In St* Paul lim been t r e a t e d in som d e t a i l f o r two re a s o n s *
a
e

mmto
m

I t l» not generally I




t h * pvfelie*

at

It Xe only a baglt*nifi§#

Reproduced from the Unclassified I Declassified Holdings of the National Archives

in dollar®, i t m il l
the

within a very f m year® probsfelf

*o*t tm p e t tm t ©in^la interest in the Northwest,

Um®us®&

in value to the ?ȣri cultural interest of the country* It m t mot
be 0*er*HHiti»*tted#

M m m xtid in t

of finance, e reǤ

let *4 to tli@ pur**>oe contemplated In the peesege of tho new
Currency A«t# it i« a pow0ir#i*3. argueent for the erection of th e

Vortheeet into f iiatifiOt district* anl the eeU.bliatoent of a
t
re&ion&l m & m m b m k at St# Paul*

COKCLUelOS

It mould fee naif to ttlt! to the foregoing t vary large s m v m t
i
of f e o te m& atetletlee baring cm both thane q u e e tio n e #

Biat the

pturpcee of thin e t a t e e e n t is - o to encumber the Cdsialttoo with
nt
^etaile* but to draw the broad i t n m of the natural argument for
» iorthittsitem fte e e rre District, centering n a t u r a l l y a t St# Peul#
The feet* presented new to ** great that

end, should

m f others |be d e e lre d upon m f topic not covered here* or should
a n y d o c tto e n tery proof be called for of any of the eteteK&ento con*




Reproduced from the Unclassified I Declassified Holdings of the National Archives

tsiaed herein, either m i l l be fumiehe3 with pleasure*

the

bankert j*ik! b**ain**w n*n of St# P»ult speaking for t h m m l v m
for the biinkere* the totialawa* »«***. the f*irw«r*sf - for ill# whole

people of this section which is natural If Just coming into it s full
develofpent and proeperiiy, and which look® to tit* Foul as it#
capital ia a oowmerotal m d finaaQi&l seas# nn truly

it i t the

political capital of IttaawflOtft* the leatHnf oomoawftftltlt of

the Borthweat, ***p*otfully requeet the eetabiidb&aiit of i*uoh *
4 ittrio t# with boundaries suoh at uhall aeiwt test to you to ©n»
t&blleh ia view of the whole of the great task that ho# boea oo»~
*M ed to ftm t hft&4e# and for the location in St* Paul of one o f
the regional rasenre banka which will minister eo powerfully to
that district1^ future growth*




Reproduced from the Unclassified I Declassified Holdings of the National Archives

C h a r le s

E.

HOME OF

B a t t le s

6000

HARDWARE

W HOLESALE AND RETAIL

HARDWARE - PAINTS - COAL
FARM IMPLEMENTS
413-4IS

BELTRAMI

AVE,

BEMIDJI, MINN.

Forme:
Hon. W. G. He Adoo, Chairraar
Washington, D.C
191

Dear Sir

My attention has been called to the fact that the Government
is about to locate a Federal Reserve Bank somewhere in the central
Hotifchwest, and as I have been located in this territory fo r the
last thirty years, I cannot refrain from asking you to well con­
sider locating

T
'nriV

T i>
>«n

St. Paul being our capital has lead a l l of us merchants to
look to this point as the great center of financial and commercial
interests, and as the Railroads lead to and terminate in this c ity
makes it a center which no other city in Minneasota can claim.
St. Paul is now the place of the Depoistry for Government Recei
p t s , the location of the Federal Courts and the Department of Jus­
tic e , £he U.S.Engineers as w ell, and therefore I consider it as one
of the great landmarks of this Central Northwest. I beleive that
you w ill find that a l l interests w ill be mutually benefited by
placing this Federal Reserve Bank in the city of S§. Paul.
Thanking you in advance fo r your consideration of m wishes
y
in this matter, I remain




Yours tru ly ,

Reproduced from the Unclassified / Declassified Holdings of the National Archives

JE N S A

IR E ,

C a n ty ,

M m n „

5T & n *

Hon. W G. McAdoo,
.
I

Chairman Reserve Banking Committee,
Washington, D. C.
Dear S ir!
v St. Paul is a logical location for
a Reserve Bank, being the Gateway to
the Northwest, and also by reason of
its location for the Jobbing Head^-quarters for the Northwest States.

I am

in favor of locating one of the Federal
Reserve Banks in St. Paul.
Yours truly,

H *
NM

;A N S W P K E D ;
:.-u H 2 i9 0
/'

/

I
j

I--O R M _____ O j f i .____ I




,

9

t

h

1 9 1 4

Reproduced from the Unclassified / Declassified Holdings of the National Archives

■peimrtmeixt
TE LE G R A M

31, 1 ex
^ DUIUTH MIHH December 30 1913
Secretary of the (Treasury,
Wash'n D C
O behalf of'the First National Benk of Duluth in the event a
n
Regional Reserve Bank is established in the Northwest I strongly
urge that it be looated at St Paul*
/




A 1 Ordean,

ANSW ERED
JAf' 7 1
1914
’" O R M

*

President.
212p

Reproduced from the Unclassified I Declassified Holdings of the National Archives

M A R K U SO N

H D W ., CO.

, f u r n it u r
U N D E R T A K IN G

h a r d w a r e
G

r e y

E

a g le

,




M

■ H i\
<
J

e a n d

in n e s o t a

.

(3L*fcz*^>

Reproduced from the Unclassified I Declassified Holdings of the National Archives

M ARKUSON H D W C O .

%

H A R D W A R E, F U R N IT U R E A N D
U N D E R T A K IN G
G

r e y

E

a g l e

,




M

in n e s o t a

,

'■ *

' <z
7

,

Q/-,
"r /.
¥

,

A’./

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-

Reproduced from the Unclassified I Declassified Holdings of the National Archives

H. THORSON, President

H. N. GJERDINGEN, Vice President

0. BENSON, Cashier

Hon. W. 0. McAdoo, Chairman,
Reserve Bank Organization Committer,
Washington, D. C.
Dear sir:In your deliberations for the location of the federal
Reserve Bank for this district, we beg to suggest that the city
of St. Paul, Minnesota, be M i n t e d as the place for it.
We believe that
the logical location for such a
Reserve Bank and the reasolnijy^ hare to offer for our belief are:1st. Thafe^Ht.
s the financial center of the Northwe*
and th^SSnsp w w FiB of the Federal Government, as well
as the Capitar^T this State.
There are three Federal Buildings located feeze
thefte.
St. Paul is the depositary for Government Receips,
including the Internal Revenues and the United States
Customs Office and Surplus Postal Funds for the entire
State.
The rural mail carriers i n for the entire State
of Minnesota, 1600 in number, are paid from St. Paul.
The Federal Courts are there.
The Department of Justice, United States District Attorney,
United States Fire Marshall and ths headquarters of the
Secret Service and the United States Engineers are located
in St. Paul.
The Department of Agriculture maintains a
large staff of inspsotors at South St. Paul.
2nd.
St. Paul Is the jobbing center of the Northwest and is also the railroad center of the Northwest with
headquarters of two transcontinental systems.
3rd. St. Paul is the center of the live stock indu­
stry of the Northwest.
In 1913 $40,000,000.00 was paid for live stock in
St. Paul.
There was loaned upon live stock ±n being prepared
fpr market in 1913 seven and a half million dollars.
4th.
Many millions of dollars in grain paper is
carried by St. Paul banks during eaoh year, as well as
mortgage loans fvom ths Agricultural Districts of the
Northwest.
Respectfully,




Cash!sr.

Reproduced from the Unclassified/ Declassified Holdings of the National Archives

LONG DISTANCE TELEPHONE NO, 120

< [t e peoples National IBank
Z|
NO. 7 08 0

C A P IT A L $ 2 5 ,0 0 0 .0 0

S U R PLU S $ 8 ,0 0 0 .0 0

M . C . T IF F T . P r e s i d e n t

J O H N J. R E I C H E R T , C a s h i e r

C . F. M I L L E R , V IC E P R E S IO E N T

J. A . L O E 6 E R I N G , A SS T. C A S H IE R

J

LO N G P R A IR I E , M IN N ..

Jan. 10, 191*1.

Hon. W. G. M Adoo,
e
Sec. 6 6 the Treasury,
Washington, D. C.
Dear s i r : W hare been thinking considerable about where lik e ly the nearest
e
Regional reserve bank to us w i l l be located. Now we fe e l we should
be entitled to one in the City o ^ g ^ J g ^ u l . This is a great centre
o f commerce. I trust you w i l l consider tnis city to locate one o f

W S W fe R E D l
“O R M



'

^

Reproduced from the Unclassified I Declassified Holdings of the National Archives

TELEGRAM

sbCll Minn Dec 30 1913
Secy yt tke U S Treasury
Washn D
O
believe a federal reserve bank should be located at
StPaul Minn
First Natl Bank




1106am

Reproduced from the Unclassified I Declassified Holdings of the National Archives

© x a s t r a j d e p a rtm e n t

7WU

R

18pd
^

T E L E G

R A M

ar6hallv fflinn Deo 30 1913
on/Secty of treasury
Washn D
C
W desire you designate the oity of StPaul Minnesota the
e
location of federal reserve “
bank for our district




Lyon County Hatl Bank
108pm

Reproduced from the Unclassified / Declassified Holdings of the National Archives

T . A . A S K E W
M A N A G E R

/
Q A

Plainview, M
inn.,

-Z S ~ Z s r z ~ ^ '

j

^
A

<2 ^ <
=

<Z*£o




/& > ~ r e .*^ A

/Z Z ^ S z s

c=>^>

Reproduced from the Unclassified / Declassified Holdings of the




NationalArchives

T . A. A S K E W
M A N A G

/ *

E R

Reproduced from the Unclassified I Declassified Holdings of the National Archives

S A M V S O R D O N,

GEO. W

Lt.G overn or

P E A C H El y

,l A t e O F M l N N g f t

S E N A T O R ,

4 th

D IS T R IC T

A. T. STEBBINS
R O C H E S T E R

T H IR T Y - S E V E N T H S E S S I O N

Rochester Minn
Jan 7 191^
Hon l?.(r.McAdoo, Chairman,
Beserve Bank Organization Committee
trashinston D.C.
M dear S ir :y
Pcrmit m to call your attention to a few o f tJie
e
existing conditions, that to m mind makes 8t Paul Minn,/the
y
lo gical location for a Federal reserve Bank~
It is the Capitol o f the groat State o f Minnesota
It is the headquarters for the Federal Government In
• the Northwest.
It is the depository for Government reciepts o f the
Internal Bevenue and U.S.Customs.
It is the depository for the surplus funds of the
Postal Department o f the entire State.
The Federal Courts are in ot Paul.
There also are locatcd the Department o f tJUstice, the
U.S.D istrict Attorney, the tJ.8.Fire Marshall,the U.S.
Engineers,and lt is also the headquarters o f the Secret
Service.
Hr this were not enough ,st Paul is the terminous o f
al*l the leading Railroads o f the Northwest. The head o f




S ecretary

Reproduced from the' Unclassified'/ Declassified Holdings of the National Archives

S A M X G O R D O N.

S E N A T O R ,

G El O . W . P E A C H E V ,

L t.G o v e rn o r

4 th

D IS T R IC T

A. T. STEBBINS
R O C H E S T E R

#2

T H IR T Y - S E V E N T H S E S S I O N

navigation on the Missippi River.
I t is the Jobbing center o f the Northwest, and near too or with­
in its lim its are situated the great Manufactuering interests
o£ the State and the Northwest.
Over ^i t o .o o o .o o o were p a i d out t h e r e

in 1915 f o r L i v e

Stock

t h e r e b e i n g l o c a t e d in south St Paul immense Stock Y a r d s .

These with many other advantages, to m mind makes St Paul
y
the most desirable location for a Reserve Bank,and I trust
the Committee of which you are the Chairman,wil] so dfcide.




Very Truly Yours

S ec r e ta r y

Reproduced from the Unclassified I Declassified Holdings of the National Archives

N< 8108.
?

OF SAI NT PAU L J O H N R. M I T C H E L L ,

President

J E R O M E W WHEELER,
Vice Pr e si de n t
W I L L I A M B. G E E R X

CAPITATi $500,00000.

Vice P re s id e n t

JAMES

L. M IT C H E L L ,

Cashier

E D W AR D H .M IL L E R ,

Asst Cashier

G K O RGE M .B R A C K ,

Asst C a s h ie r

December 24, 1913.
Hon. John Skelton Williams,
Assf t Secretary of the Treasury,
Washington, D. C
% dear Mr. Williams:
I want to express m
y
congratulations upon the success the administration
has had in passing the currency b i l l .
I have attended a meeting of a few of the
hankers in Saint Paul and Minneapolis, today, and I am
pleased to say that we a l l are enthusiastic over the
prospects of getting the system started, and we propose
to concentrate our efforts in securing a federal reserve
hank for Minneapolis.

W believe that this section is
e

most certainly entitled to a reserve bank, and on ac­
count of Minneapolis being the larger city and having a
very large percentage of the grain business and country
banking business, that the bank should be located there.
Incidentally I wish to mention that
Mr. James J. H i l l is very enthusiastic over the new law,
and I believe that he w i l l be quite a strong factor in
securing the co-operation of the banking interests in the




Reproduced from the Unclassified I Declassified Holdings of the National Archives

N? 8108.

JO H N

OF SAINT PAU L .

R . M IT C H E L L ,
President

JEROM E

W WHEELER,

$500,0004)0.

Vice P re s id e n t

W I L L I A M B. G E E R y

Vice P r e s i d e n t

JAMES

L. M I T C H E L L ,

Cashier

E D W A R D H. M IL L E R ,

Asst Cash ier

G E O R G E M. B R A C K ,

Asst C a s h ie r

JSW-2-

Horthwest, and no doubt to quite an extent in Eastern
"banks in which he is large ly interested, as you know.
The Twin City bankers expect to have a meeting with
Mr. H i l l on the 26th, and take formal action on a plan
to secure the placing of a federal reserve bank in
Minneapolis.
I desire to give you this information, and
earnestly trust that you can support us in bringing
about the accomplishment of our e ffo r ts .
With the Compliments of the Season and
best wishes,




I am
,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

N9 8108.

'r / Z / ? / / / '/ ,
OF SAINT PAU L .

$ 5€>€><, O O a O O ,

c

i s

_

December 26, 1913«

Hon, John Skelton ‘ illiams,
W
Assft Secretary of the Treasury,
Washington, D. C.
toy dear Mr. Williams:
1 beg to confirm m telegram of
y

today, reading as follow s:
*Application w i l l be made by Saint
Paul fo r reserve bank, therefore,
please disregard m letter of
y
twen ty-four th . M
and beg to say in explanation, that it has been decided
by the Association of Commerce here to f i l e an applica­
tion for the location of a federal reserve bank in Saint
Paul.

Consequently, i t looks as i f m suggestion that
y

the effo rts of the Twin Cities would be concentrated on
Minneapolis w i l l not be carried out.

You w i l l ,

therefore,

please understand that for the present, so fa r as any
statement that I have made is concerned, that both
Saint Paul and Minneapolis w i l l make an effo rt for the
location of a federal reserve bank.




Your8 very tr

Reproduced from the Unclassified I Declassified Holdings of the National Archives

N? 8108.

OF SAINT

• J O H N R .M I T C H E L L ,

PAU L..

P re sib e n t

CAPITA! $500,000.00*
Vice President
J A M E S L. M IT C H E L L ,

Cashier

E D W A R D H .M I L L E R ,

Aisst C a s h ie r
sst

GEORGE M. BRACK,

A sst C a s h i e r

Hon. John Skelton Williams,
c/o Treasury Department,
Washington, D. C.
Dear Mr. Williams:
Referring to m correspondence with
y
you recently, I beg to say there has developed since m
y
letter of the 24th a decided feelin g among the business
interests and also the banking interests

of Saint Paul .J

that there should be a federal reserve bank located here,
and it looks as i f there would be quite a contest between
Minneapolis and Saint Paul over the matter.
X was perhaps premature in expressing to you in
m letter of the 24th what appeared to m would be the re­
y
e
sult of a conference.

Personally, I regret exceedingly

that there is to be a contest, as I fear i t might result in
losing a bank fo r this section.

I trust, however, that

such w ill not be the case, and I also want to ask you that
the suggestion that the efforts of the two cities wotild
probably be concentrated be considered by you as a
confidential statement to you.




With best wishes, I am

TUESDAY, JANUARY 20, m i .

3

ST. PAUL DISPATCTI

St. Paul Makes Strong Plea for Federal Reserve Bank at Chicago Hearing

ST. PAUL BUSINESS CHIEFS
PRESENT POWERFUL BRIEF
FOR REGIONAL BANK HERE

AP .showing; banking resources of Northwestern States and boundaries suggested for the Si. Paul Federal reserve district.
k, Idaho, Montana, the Dakotas, Minnesota and portions of Wisconsin and Iowa.

cent o f th e sheep re c e iv e d th ere a r e
also sold there.
“ T h is is also a s to ck e r an d fe e d e r
m a rk et. M uch o f th e liv e sto ck r e ­
c eiv ed is retu rn ed tn th e c o u n try to be
fatten ed . M o re than o n e -h a lf o f th e
■115,998 head o f c a ttle re c e iv e d la s t y e a r
w e re b ro u gh t fo r th a t purpose. T h is
dem ands e x c e lle n t b a n k in g fa c ilitie s .
(Some o f th e fa rm e rs w h o com e to th a t
m a rk e t to b u y liv e s to c k h a v e m o n ey ,
but m a n y o f th em re q u ire
to
be
financed.
IM M E N S E

Delegates to Chicago Hearing Tell of
Great Empire to Which City Is
the Logical Gateway
SO M E T H IN G FO R A L L L O Y A L
C IT IZ E N S TO R E A D A N D K E E P

579M l - Q 00.

c
:

LO AN

B U S IN E S S .

“ H e re en ters a,n im p o rta n t re la tio n
o f the liv e sto ck market, to the fin a n ­
c ia l in te re sts and the fin a n cia l fa c ilitie s
c en tered in St. P a u l.
A g r e a t loan
business, to a id th e liv e sto ck tra d e,
has been b u ilt up q u ietly. I t w ill r e ­
qu ire enorm ou s exp an sio n to m e et fu ­
tu re dem ands. T h e loan s o u ts ta n d in g
m a de in South St. P a u l to
fa rm e rs
th ro u gh ou t th e N o r t h w e s t on liv e s to ck
b ein g p rep ared f o r m a r k e t a m ou n t to
$4,500,000. T h e s e loan s w e r e m a d e b y
tw o banks, one c a ttle lo an c o m p a n y ,
tw e n ty com m ission houses an d fifte e n
b rokers lo ca te d in S outh St. P a u l. T h e
to ta l lo an s f o r th e y e a r a g g r e g a t e d
S7,500.00a. C a p ita l so em p lo ye d tu rn s
o ver q u ic k ’ v, and la r g e c re d it resou rces
are requ ired . T h e s e loans w e re s c a t­
tered th rou gh the s ta te s fro m th e M is ­
sissippi r iv e r to th e R o c k y m o u n tain s,
in c lu d in g Io w a . I t is e s tim a te d th a t
$S0o,0U(t o f South St. P a u l m o n e y w a s
lo an ed in this w a y in M on tan a. A con ­
s e r v a t iv e e stim a te o f th e to ta l a m o u n t
o f m o n ey paid out fo r liv e s to ck in St.
P a u l d u rin g 1913 is .$40,000,000. T h is ite m
o f th e c o m m ercia l and fin a n cia l in te r ­
ests grou ped in St. P a u l
has
been,
tre a te d in som e d eta il f o r tw o reasons.
I t is n o t g e n e ra lly k n ow n to th e public.
It is o n ly a b e gin n in g. M ea su red in
d olla rs, it w ill b ecom e w ith in a v e r y
f e w y e a rs p ro b a b ly th e m o st im p o rta n t
s in g le in te re s t
in
th e
N o rth w e s t.
M ea su red in v a lu e to th e a g ric u ltu ra l
in te re s t o f th e cou n try, it can n ot b e
o v e r e -tim a te d .
M ea su red in te rm s o f
finance, as re la te d to th e p u rpose con ­
te m p la ted in th e p assa ge o f th e new,
c u rre n c y act, it is a p o w e r fu l a r g u ­
m en t f o r th e e rec tio n o f th e N o r t h w e s t
in to a d is tin c t d istrict, a n d th e estab­
lis h m e n t o f a re g io n a l r e s e r v e b a n k a t
St. P a u l.

tern al revenue, ct itstoms an d m iscel- h a v in g ju s t
reach ed the
s ta g e
o fj
1I. LINDEKE, another
laneous receip ts,
akes a to ta l o f $6,- g ro w th where, it is ijra c lie a b le to m a k e
377,078.78.
A d d thL' re ce ip ts and dis- a t a p ro fit a la rg e share o f th e p ro - |
• St. Paul booster at Chi­
bursem ents o f th< p o s to ffie e and the ducts fo r m e r ly b rou gh t from p oin ts ■
w ith res'fird to S t. P a w l's r e ­
cago for the regional reserve
total am ou n t :>f
go vern m en t
m o n ey fu rth e r east. A re fe re n c e to the c en -j
handled in St. Pa* 1 a n n u a lly is ab o ve su? re p o rt on m a n u fa ctu res estab lish es
quest for a reserve bank.
bank in St. Paul.
$16,000,000. and eon, ta n tly g ro w in g . T h e this law , and e x h ib its th e r e m a r k a b le }
increase in p osta l re ce ip ts in th e ten p erc e n ta g e o f in crea se in the m anu - j
years fro m 1904 t
1914, w a s 92.9 p er fa c tu r in g business ol' th e N o rth w e s t. |
cent.
T h e money ord ers issued are T h e to ta l v a lu e o'f m a n u fa ctu re s In the j
well a b o v e $1,500.01 1 v c a r lv th e m o n ev i fiv e state a t
th e la s t
census
w as;
0
F o llo w in g is the w ritte n b rie]' p re s e n te d b y St. P a u l business m en a t th e
orders paid m ore than $2,500,000. T h e ! $542,100,000; and in
the seven states, j
m a n u fa c tu re rs '
St. P a u l p osta l sa rin g s b an k h a s had j $855,851,000. St. P a u ls
b e a r in g in C h ic a g o tod ay on (h e re g io n a l r e s e r v e bank. A]>art fro m its valu e
high ra n k fro m th b egin n in g. Its n e t ; are ten th in th e c o u n try in th e ir ga in
as a p o w e rfu l argum ent, in t'nvor o f th e d e s ig n a tio n o f S I. Pau l as th e lo c a ­
d ep osits on Janu a r y
1, 1914, w e r e ! in num ber o f w a g e earn ers, and tie d
' fo r fo u rte e n th place in guin in v a lu e
$789,407.
tio n o f on e o f th e r e s e r v e banks un d er th e n e w c u rre n cy net, th is s ta te m e n t
“ A ll o f th e a b o v is e x c lu s iv e ly F e d - o f products.' T h e in crease b etw een 190-1
is -worth re a d in g fo r its o w n Hake.
N o m ore c o m p re h e n s iv e p res e n ta tio n o f
e ra l m on ey, taken * in and p aid out in and 1909 in w a g e ea rn e rs in St. P a u l
th e c o m m e r c ia l im p o rta n c e o f th is c ity and th e g r e a t e m p ir e to w h ic h it is
v a lu e o f
rhe course o f trar s a c tin g th e g o v e rn - w as 34.6 per cent and in
m en i's business. I t m a y be ad d ed as a produ cts. 5o.9 per cent.
th e g a te w a y e v e r has been m ade. T h is s ta te m e n t Ik a go o d th in g to file hi
not u n im p o rta n t ie t a il in th e estab B A N K IN G A N D A G R IC U L T U R E .
yo u r o ffic e or, b e tte r s till, to sen d to yo u r frio n d a
and bu sin ess c o r r e ­
lishment. o f the p roposed F e d e r a l in“'H a v in g in v ie w not o n ly th e b u si­
stitu tion , th a t th gre are th re e la rg e
sp o n den ts.
It is a ls o a go o d th in g fo r lo y a l St. P a u l folk s to r e a d ; it w ill
public b u ild in g s ir St. P a u l o w n ed by ness a t p resen t cen tered in St. P a u l
h elp you to r e a liz e ju s t w h a t a g r e a t c ity this is.
the
U n ited
S ta t 3 g o v ern m e n t,
R E Q U E S T U P T O C O M M IT T E E .
in but its p robable fu tu re in crease, and
th e ch an ges in its d istrib u tion , p ro b ­
w hich a re g io n a l
ese rv e b a n k can be
N E E D O F A N O R T H W E S T E R N D IS* v ery la rg e business is done b y St. P au l
“ I t w o u ld be e asy to add to th e f o r e ­
a ccom m oda ted w i Jio u t re q u irin g th e a b ly n o th in g is m ore im p re s s iv e th a n
•.mil the C anadian N o rth w e s t, which <
g o in g a v e r y la r g e am ou n t o f fa c ts
as a liv e -s to c k m a rk et.
T R IC T .
exp en d itu re o f ai ty m o n ey f o r con - its p os itio n
w ill in crease ste a d ily w ith m e d e v e lo p - !
and s ta tis tic s b e a rin g on b oth th ese
T h e N o r t h w e s t 5s p rim a rily an a m u st
stru ction.
“ T h e first step in d e te rm in in g wh-erc ment. o f th a t cou n try and th e In evls- •
qu estion s. B u t th e p u rpose o f th l?
a lw a y s re m a in fust, o f all. an a g r ip AH O O *
re g io n a l re se rv e banks are to be es­ a b le re la x a tio n u£ ta r iff restriction s.
s ta te m e n t Is n ot to e n cu m b er th e c
.CQ&!1,gaiHur-al region . L a n ge and v a rie d as
tablish ed. must, be the d ivis io n o f the
m itte e w ith re ta ils, but to d ra w
- f s r e its m in e ra l' resources, a t th e head
U n ite d .States in to su itable d istricts. 'V O LU M E O F B A N K I N G B U S IN E S S .
broad lin es o f th e n a tu ra l argu r
r/x fc
m
o f L a k e S u p erior and in th e R o c k y
“ T h e d evelo p m ei
Th e sole d esire o f y o u r h onorable body
‘ 'T h e c u rre n cy n et p ro vid es th a t each
fo r a N o rth w e s te rn re s e rv e dist
t o f railroads in the m ountains, and its lu m ber su pply, th e
Is to con su lt the best interests' uf th e n ation a l bank shall subscribe fo r stock
N o rth w e s t is o n e j
--.
h ie f f a c t ors
c e n te rin g n a tu ra lly a t St. P au l.
e x te n t o f fe rtile , a ra b le lan d is so
o f th eir p ast dev< jlopm-ent, th e surest
r
w h o le cou n try, and to
ta k e
such to th e am ou n t c f 6 p er cen t o f its paidt fa c ta presented seem to w a r r a n t
la r g e and its
p rod u ctiven ess so re g u a ra n tee o f th e ir ‘ fu tu re p ro gre ss and
m easures as w ill m ost fa c ilita te i t s ! in c a p ita l and surplus, and fixes the
! a r r a n g e m e n t; and, shou ld a n y ot
m a rk a b le tlia t p rim a ry and seco n d ary
an in d isp en sab le j,
business and con d u ce to the su ccess-j m in im u m ca p ita l o f a re g io n a l re s e r v e !
be desired upon a n y to p ic n o t cov
in b in d in g th em produ cts o f th e earth w ill a lw a y s c o n ­
to ge th e r as a v
fu l o p e ra tio n o f the n ew cu rren cy ays- ban k a t $4,000,000. B y th e re p o rt o f th e!
here, or shou ld a n y d o c u m en try 1
or b a n k in g pu r- s titu te its g re a te s t sou rce o f w e a lth
poses. In 1880, i
U ni.
T h e purpose o f the. fo llo w in g j office o f the c o m p tro lle r o f the curren be called fo r o f a n y o f th e statem
v e n states a b o ve and th e baisls and
m easu re
of
its
m en tion ed had ;;
s ta te m e n t is m e re ly to set fo r th fa c ts , ic y as o f.O c to b e r 21, 1913 the n a tio n a l!
c o n ta in ed th erein , e ith er w ill be
miles o f ra ilro a d ; fin a n cia l tran saction s.
in 1910 th e y had
n ec e ss a rily u n fa m ilia r to you by r e a - j banks o f the five states m e n tio n e d 1
n ished w ith p leasu re.
T h e than
m iles; in the la st
“ N o la w is b e tte r estab lish ed than
ten y e a rs th e ir
son o f th e ir m ore o r less local char-1 {,aVe a com bined c a p ita l Mini su rp lu s}
and business m en o f St. P a u l, sp
ease in milea-ge th a t w h ich decrees
a
ch a n ge frorr.
w a s 41.66 p er or
aeter, th a t m ay aid you in re a c h in g , o f $67,757,967, and those o f the seven j
in g fo r th em selves and f o r the ban!
c om p a red w ith w h e a t p ro d u ction to a m o re d ive rs ifie d
th e business m en, th e fa rm e rs ,
24.34 p er cen t fo i
con clu sions; and first o f all. it in d e- states $a8,84»,816. Six p er cent o f the
n ited S tates. St. in d u stry, and e sp ec ia lly to th e ra is in g
m eth o d s th a t h as been pro>ved e c o ­ th e w h o le p eople o f th is section , v;
sired to p ro v e tihc pr p riety, p ossib ly fo r m e r a m ou n t is $4,065,478, and o f t h e L r v
P -- l
p ro
Tt -h „ a
W(,r,n)1 i n re * « t w h o le ____a u- w as th e te i
o f th e firs t r a il- o f liv e stock, as a re g io n ad v a n ce s in
n o m ic a lly d esirab le. I t is ju » t as s ig ­ is n a tu ra lly ju s t c o m in g in to its
th e n ecessity, o f m a k m g th e N orth -1 i ^ t e r $6,930,968. E ith e r d istrict, th e re . | S ;
fo u rth |ro ad b u ilt in Mir,
an d it rem ain s years.
.A g ric u ltu re
b ecom es
m ore
—
.o
a r fn !ii o r v0
w est, p o p u la rly so-called , an in d ep en d ­ fore, can q u a lify under the la w w ith -!I sale to y and n otion
te rm in a l o f th e p ro fita b le b y b ec o m in g m o re in ten sive. n ific a n t th a t the e n tire in crea se in th e d ev elo p m e n t and p ro sp erity , and Vi
'in rank in the d istrib u tio n o f m illin e ry i llie ^ u i a i r .fv „ t .
1
ent re g io n a l re se rv e d istrict.
v a lu e o f a ll c a ttle on fa rm s in th e looks to St. P a u l as its c a p ita l
out (*alllng f o r
s u p p le m e n ta ry su b -j[go o d s in the U n ited S tates. I t is on e ^
th a t n o w e n ter T h is m ean s n o t on ly th e su b stitu tion
. i
The| .
j
U n ite d S ta te s in ten y e a rs is id en tical co m m ercia l and fin a n cia l sense as
n system s h ad a n j 0j- fa rm s fo r g r a z in g land, b u t
th e
T E R M , “ N O R T H W E S T D E F E N S E .’ ' scription.e as a u th o rize d in the law .
o f the la r g e s t boot and shoe m a n u fa c- ; the c r (?:
w ith the in crea se m a d e in these seven as it is th e p o litic a l c a p ita l o f M l
j lu r in g c en te rs in the country- I t b a s : % 8greg t _
g
iOf 56,768 m ile s in g r o w in g o f m o re liv e sto ck on farm s.
C L A IM S A R E N O T A B L E .
“ T h e term 'N o r th w e s t’ w ill be used,
states. O u t o f 24,000,000 odd d o lla rs fo r sota, the le a d in g c o m m o n w e a lth o
o f th ese system s A
,
lon e o f th e p rin cip a l liv e stock m a r k e ts ,; O ctober, . „
c on sid era b le p o rtio n o f th e lan d the w h o le country', m o re th a n $19,000,- N o rth w e s t, r e s p e c t ifu lly requ est
th ro u gh ou t w ith tw o m ean in gs:
T h e , " A b e tte r ,
basis to r calcu latio n in a ; so im p o rta n t th at the d e ta ils o f this h a v e th e ir g e n e rj
o ffic e s here.
St. p re v io u s ly used fo r w h e a t ra is in g is
first in clu d in g the five states, M in n e ­ case lik e this is the to ta l am ou n t o f -wlJ1 be g i VP.n s ep a ra te ly.
I t has th e P a u l is th e acKno”
d g ed ra ilro a d cen- d evo ted to th e ra is in g o f coa rse gra in s 000 o f th e in crea se w e re in th e first esta b lish m e n t o f such a d istrict,
sota, N o rth D akota, South
D akota, C a p ita l en g a ged in a ll k ind s o f b a n k - ' la rg es t book p u b lish in g house, th e la r g - j te r f o r th e w n o ie
p rth w estern cou n - and fo d d e r crops f o r the, fe e d in g o f fiv e states. O n e-n in th o f tne en tire b ou n daries such as shall seem be
M ontana, and Id a h o ; and th e o v v - '- 'iiv i , m, g business; and even m ore so, p e r - ; e s t a r t ca ie n d a r house, the la rg e s t in-1 try . U p w a r as ox
second j jj w.
, *0^0,000 passen gers liv e stock, w h ich is im m en sely m ore in crea se o f th e v a lu e o f all a w in e on you to estab lish In v ie w o f th e v
c o v e r in g seven states, a d d in g to thOB«! haa •' tht
•’
to tal n um ber o f b a n k in g i n d i v i d u a l horse. d -a lin g con cern and th e ; go th ro u gh its u
L epot e v e r y ye a r. p ro fita b le. T h e U n ite d S ta tes census fa r m s to o k p lace in th e sam e states. o f th© g r e a t ta sk th a t h as been
ju s t m en tion ed th s ta le s of W ash n g - ; Bti,tutlonf
he
N o th in g w a s m o re c le a r ly b ro u gh t out. m itte d to y o u r hands, and f o r th
I’tutlons. 'W ith an eye to the futu re, I la r g e s t plan ts fo r the m a n u fa ctu re o fj
F R E IG H T Cl
r e p o rts show a decrease o f 15.8 per in the d iscu ssion in C o n gress on the c a tio n in St. P a u l o f o n e o f th e r e
HOUSE.
toy, and O regon.
I t m ay seem best
the nu m b er o f banks, in d ic a tin g the : g-r a ss carp ets in th e w orld . I t lead s t h e '
c e n t in th e to ta l w h e a t a c re a g e fro m te rm s o f th e c u rre n cy law , and in the a! re s e rv e b an k s w h ic h w ill m ir
t o 'y o u , w h o h ave a n ation a l p ro b le m
£ Asfer, lo c a te d in 1899 to 1909. T h is d ecrease to o k pla.ee
! needs a lr e a d y fe lt In a g ro w in g s e c - ; c ou n try in w h o le sa le land tra d in g . I t |
The
to ■•ensider, to in clu de the e n tire P a
W m c le a rin g house in th e o ld e r states. W h ile th e re w a s §, o rg a n iz a tio n o f yo u r h o n o ra b le c o m ­ so p o w e r fu lly to th a t d is tr ic t’s ft
r'
t tVnni n „H h *n Rnnth in o n * ! tlo n * estab lish es the true re la tio n o f ^ a d s th e U n ited S tates in th e m a n u fa c - ;f t . P a u l, is tn e
g r o w th ,'’
fro m th e M is- v e r y la r g e in crea se in N o rth D ak o ta , m itte e, th a n th e p u rp ose to con su lt
"
55 m a v s e e m best to y o u I the te rrito ry con sidered to the w h ole ' tu re o f h igh -cla ss furs and h i g h - g r a d e to r
V
®;
5
It
du
le t .
>
ovui m ryi .,v . In i *bothcxj. resp 'ects i tinat inrU Ltn»i*.r;.'H re,f,r ..na ..rr,, - i ti t !u-.^ ^ Uuc ,-rm \ >>
cur.
.
,.
.
.
j
-,,
i
tm i
-i
i }
irsi V *.
i >
» v > # » - » , j- < i p o r
x~
'V
:
n av.
.v
**
&• t v.7 “ .«»•
•
,;
^
^.
coa st al- M-<m.ts>.r;K Id a h o aivd ’ V a s h ‘ r.gtf\n, L'la th e in te re sts o f the fa tm er,. E v e n },? _•t
Ulv
.ijcru
w e re d ecided th a t o n ly
e ig h t
such
^ ‘‘ 1 ; ® ' ' d i
‘
r ! v w i0l! the. N o r th w e s t and o f St. P a u l are eat p lan ts in th e w o rld f o r t h e m a k i n g | nm st e x c r u s m «y ;
l t T l 5 r f ^ dv e r y “ iaTrg e
a r e a f e ll o ff 50.18 p er c e n t In ’’VTinneshould
be
estab lish ed,
the
v o f states fio m th e M ib.i^sip p i l h e r i ata U stio a lly e n title d to c o n s id e ra tio n .: 0f g a so lin e tire engines.
I t has t h e !Y oluP e o f busine
to the E a s t and sota and 19.3 p er cen t in South D a ­ b an k s
\Ve le P a c ific .
T h ese seven s ta te * are
N o r th w e s t in th is p a rtic u la r Is c le a rly
“ A c c o r d in g to the
re p o rt o f
t h e 'la r g e s t public cold s to ra g e p la n t In th e South.
In 1913 t
l ?\c'ly tied to one a n o th e r by th e fa c t c o m p tro lle r o f t he curren cy, the n u m - ; N orth w est.' It. has one o f the six U n i t - j the M in n e so ta x ra e cars h an d led at k o ta and 12.6 p er cen t In O regon , these e n title d to o n e; and tt w ill n o w b e
‘ ,v\ th ree tra n sc o n tin en ta l lin es
o f her o f n ation a l bunks on J u ly 7, 1913, led S tates custom s p orts w h e re tea i s . 127 an d th e tonn. sfer n u m b ered 709,- states b e in g o ld e r and th e re fo re f o l ­ sh ow n th a t on th is basis St. P a u l is
je rep res en ted w as lo w in g th e la w ju s t stated. T h e sam e
,oad tra v e rs e them .
The
G re a t
in the U n ite d S ta tes w a s 7,491',
T h e ; in spected. T h ese a rc som e o f th e p rin - [.alm ost ten m illion tons. F ro m 1904 to process is show n in a c o rres p o n d in g e n title d to th a t one.
'Vhern, the N o rth e rn P a c ific
an d
S T. P A U L 'S S T O C K M A R K E T .
'S v ?
^ ^ S o u n d ' n u illb er in ’:he ttve states w as 631, and cip a l item s in a list ‘ w h ich m ig h t b e; 1913, th e increase
in th e nu m b er o f d ecrease o f 40-2 p er cen t in th e S ta te
,L L g
1
^
^ o i iu lhe seven states 792 . T h e la t te r Is j lengthened to a c on sid era b le exten t, ic a r s w a s 7 0 .7 p er
n t and tb e in crea se o f N e w Y o r k . 5S.3 p e r cen t In M ich iga n ,
" T h e South St. P a u l liv e sto ck m a r ­
oadb, lim n in g rrom h i. iraui to ,imnjar nT1|>.-ninth o f rhf» w hole
Tbe
in tonnaere w a s
T h e 43 p er cen t In O hio an d 74.8 p er c e n t in k e t has b ecom e on e o f th e grea test in
•lft. T a c o m a and P o rtla n d , un ito ■ulmo.hl one n intn or tne \wioie.
x n e j C ,T Y ,S f e d e r a l I M P O R T A N ClF . Jtr a n s fe r « «y a rd s co 3.5 p er cent.
t IW P D R T A N f E . 1 ______
le,
unito
num ber o f all fin an cial in stitu tio n s r e ­
ta in 91.77 m ile s o f W isco n sin . T h e d a y o f th e su p rem acy th e cou n try, and in its g r o w th fro m
in a close c om m u n ity o f in te re st
p ortin g. In clu d in g sta te and s a v in g s )
“ St. P a u l is a sort o f su b ca„ ital fo r j tr a c k ; an d beside
„ _____ p ____
th e d istrib u tio n o f o f w h e a t ra is in g in th e N o r t h w e s t has y e a r to y e a r it has r e a lly no riv a l. AH
o f business relation s.
'Pies such1
banks and tru s t com panies, b y th e ! the e n tire N o rth w e s t.
T h e fiscal de- 1th ro u gh fr e ig h t ca s, a ll o f w h ic h ta k e passed.
T h e w h e a t p rodu ct, w h e a t the W e s te r n m a rk e ts s h o w ed a
le s e m a y e a s ily
o v e rrid e
geo de­
sam e re p o rt w as 25,983 fo r the U n ited| p a rtm en ts o f th e g o v ern m e n t lo c a te d : p lace here, th e y s r v e 110 lo ca l indus- re ce ip ts a t p r im a r y m a rk e ts and all crease in c a ttle receip ts fo r 1913 c o m ­
lic a l c o n d itio n s; since the busiStait.es, i.SSM fo r the fiv e states and 3,493 j h ere ta k e in, th ro u gh th e custom s a n d ; tries w h ich h a v e
•ackagc con n ection s, c o m m ercia l and fin a n cia l tra n sa ctio n s p ared w ith 1912 e x c e p t South St, P a u i
o f banks w ith one a n o th e r de"or the seven .
T h e fo rm e r Is one- in te rn a l reven u e offices, in round n u m -i
“ T o th e financi il im p o rta n c e o f a based on w h e a t g r o w in g m u st p r o g r e s ­ and K a n s a s C ity. In
hog
receip ts
a so g r e a tly upon ab u n d an t and
ninth o f the w h o le a p p ro x im a te ly , and bcrs, $4,600,000 a year. I t is p o s to fflc e ! business o f th is
South St. P a u l sh ow ed an In crea se o f
& in tercom m u n icatio n .
s iv e ly decline.
ih e la tte r ia n e a rly on e-seven th .
B e­ h ea d q u a rters, a ll fu n ds fo r the
27 per cent, th re e tim es th e com bin ed
L IV E S T O C K T R A D E S .
< U R E S A B S O L U T E L Y O F F I C I A L . yond a dou bt m a n y o f these in s titu ­ b ein g sen t to th is office. I t is head- j is ad d ed th e abt ^ nce an d ease 0f
p erc e n ta g e o f g a in s in the o th e r m a r­
tions w ill .apply f o r p erm ission to com e q u a rters o f a r a ilw a y m a il s e rv ic e ro r I c om m u n icau u u w ---service fo ri oram u iM tio n w
. , N orth “ T h e su b stitu tio n o f liv e s to c k p ro d ­ kets. In sheep re ce ip ts S outh St. P a u l
T h e figu res g iv e n h e r e a fte r are all
in u n d er the n ew law .
B u t m e re ly on the T e n th d istrict. I t is th e h eadqu ar- j w e s te rn te rrito ry .
n u m b er
o f ucts f o r th e lea.ding c e re a l is p ro ce ed ­ w a s second o n ly to O m aha. B o th in
*
iso lu te lv official, b ein g taken eith er
the basis o f the nu m b er o f e x is tin g n a ­ ten? fo r th e ru ra l c a rrie r service. H e r e } train s c a r r y in g m
in g n io re ra p id ly in th e
N o rth w e s t ab solu te im p o rta n c e an d in r e la t iv e
om the return.s o f the U n ited S tates
tio n a l banks, its re la ted to th e w h o le la th e seat o f th e D e p a rtm e n t o f Jus-1 h ere d a ily is 64^ ^ ^ [ h e ^ m n b e ^ ^ t T e 6 th a n a n y w h e re else. In
th e U n ited g ro w th th e South St. P a u l s to ck m a r ­
ensus or from official rep orts by heads
S ta tes th e n u m b er o f a ll c a tt le on k et ia one o f th e m o s t im p o rta n t in th e
)£. d ep a rtm e n t or business o r g a n iz a ­
ex wo fa s t m a il train s,
tions. T h e y are in ten ded to s e rv e you r
lu s iv e ly , a r r iv e and fa r m s decreased 5,916,544 in the ten country'. T h e s e liv e sto ck re ce ip ts a r e
c o n v en ie n ce w h eth er
you decide tu
T h e y e a rs b etw e en 1900 and 1910; but in th e d istrib u te d o v e r a ll th e s ta tes o f the
and
special - G rea t N o r th e r n si fr o m St. P a u l. f rQin fiv e N o rth w e s te rn s ta tes th e n u m b er N o rth w e s t, m o re than h a lf a m illio n
west. to be con stitu ted a sep a ra te d>s- tr ie t a tto rn e y, m arsh al
m a k e a N o rth w e s te rn d ivision ru n n in g j
T h e agen ts. T h e W a r d ep a rtm en t form erly" m akes th e ru n f r . Jeclal la s t m a n 1 1
triet seem s to be w e ll fou n ded.
in creased 615,947, an d in
the
seven sheep coming- fro m
east or west, or 1o include on ly t h e '
M o n ta n a
alone.
V
4.7 s ta te s 648,096. Such a s h o w in g is p os­ N e ith e r Is it a fe e d in g o r tr a n s fe r s t a ­
m o re com p a ct te rrito ry en d in g w ith total loan s an d discoun ts of all banks h ad h ea d q u a rters here, and since th e ! tie, a d ista n ce 0 2m, o h
a c c o rd in g to th e c o m p tro lle r’s r e a rra n g e m e n t o f the m ilita r y d e p a r t - !.hours and 30 m
1jo14 mixes, zn »
w ere
th e K oo k y m oun tain s.
sible o n ly on th e b asis o f
a
p ro ­ tion fo r s to ck on th e w a y to C h icago.
m
_ as
com p a rea
“ T h e to tal a r e a o f the fiv e states rep o rt $573,0113,168 fo r the five states, m ent 3 o f th e c o u n try th e p u rch asin g j w ith 50 hours a n d utes, in u tes
nounced and p erm a n en t m o v e m e n t to ­ P r a c t ic a lly a ll c a lv es , hogs and horses,
a g en c y o f th e q u a rte rm a s te r’s d ep a rt-1 fa s t m g jl.. o v ^ . P “ 35 m ip u te s to r tn e w a rd a ch a n ge
35 jy
. m en lion ed is -H
i-1,019 square m iles; and and $(98,502,331 fo r the seven.
in
the a g ric u ltu ra l 92.5 per cen t o f the c a ttle and B0 p e r
d Southm e n t is s till retained. I t m a kes d is - je r n P a c ific from ;
o f the seven, 629:S45 square miles. T h is
ONE G R E A T C IT Y ,
q ju g m ib u rsem en ts
fo r
F o rts
Y e llo w s to n e , |cisco. T h is G re a
is fro m 15 to 20 p er o-n t o f the total
k „
“ F o r c en tra lize d b a n.. in g „ purposes . K e o g h and M issoula. M on ta n a , and I n en ta l m a il tr?jA - V ' ‘
, _ . rtn
t r anscont i a re a o f the U n ite d States. T h e popu­
«n zs th e fa s te s t lo n g
la tio n o f the fiv e stat.es in creased fro m St, P a u l and M m neapon*. can ne .o n - , p o rt gn e llin g , M innesota, a g g r e g a t in g Jd istan ce tr a in '
in th e
w o rld ,
s id e re d
a s one g r e a t ctty- o f m o re tn a n
S5W ()00 an n u ally.
Supplies also a re ! th ro u gh tim e
!
2,877,211 in 1000 to
in 1010; an e
sch edu le
show s
-In a d d itio n
to J . e gent, to F o r t B ra d y, M ich ig a n . T h e A g-J q u ic k ly a ll int
o f the seven states, from 3.$118,850 to 500,000 people.
erm e d ia te p oin ts
ric u ltu ra l d ep a rtm e n t has h ea d q u a rters served.
6.752,964. T h e in crea se in the fo rm er
ment: w h y St. P a u l is en title d to p rec e ­ a t South St. P a u l, with a la rg e corp s of
ease w as 36.0 per cent and in the la t te r
dence, its p resen t b a n k in g
business in sp ectors fo r th e s to ck re ceived a t P A S S E N G E R
51 per cent as com pared w ith an in ­
S E R V IC E ENORMOUS
show s a v o lu m e w o rth y o f the es­ tth a t im p o rta n t market.. T w o d ep a rt“ A n a v e ra g e
crea se in tlte U n ited S tntes fo r th
ta b lis h m e n t o f a re g io n a l re se rv e bank, n en ts o f the U n ited S ta le s en g in e e rin g o p e ra tin g in ar o f 340 p a s se n g er train s
sam e period o f 21 p er 0 *111.
d
T h e to ta l c a p ita l stock, surplus and service h a v e th e ir h ea d q u a rters here. U n io n D e p o t da '■ out o f th e S t P a u l
“ Y ou w ill undoubtedly, in d elim itin
n d ivid ed p ro fits o f a ll its b an k in g inrhen the g a rris o n a t F o r t S n e llin g is c om m u n ic a tio n
reserve- d istricts, take in to con sider
w lt lf ^ v e r v
Pm ^
tit.ttt.ions is $12.83i).646.
I t has 1.579 lit. fu ll stre n g th the to ta l an n u al dis­
a tio u the ra tio and p ro b a b ility o f in
T h is
s e rv ic e h L tf/ i
m n tr y bank accounts.
T h e g o v e rn - bursement on army' accou n t w ill be te rrito ry .
c re a s e in p op u lation and in e v e ry h in t
n a tu ra lly in ans w e ' to t h l .t e ° W? up
nent d ep osits here, O ctob er 1, 1913,
o f in du stry. W h en these d is tric t hav
th e W e s t; and ^ t h r o u i
° f i
e re o v e r $2,000,000, and the b alan ces £§50,000.
rn c e been established,
th e y
can n ot1
con n ection s w h i1ich couf d * ' business
f- c o u n try banks w e re o v e r $18,500,000.
P O S T A L B U S IN E S S IS B IG .
e a s ily be changed. A. rea d ju stm en t, o f
tu rb ed w ith o u t 1
de ­
e x c h a n ge d raw n in 1913 w a s $459,a n y one w ou ld m ean the re a r r a n g e ­
e
“ Since th e business o f th e b an ks is lin k e d to g e th e r t ^ e s e v o r£ _ *es h a v .
A l l the accou n ts o f th e statem e n t 01 others, with all the co n fu s io n 53,732.
ties o f th is te rri:tore 7 vc^ dl “ mniunire a s u re r o f M in n esota in b eh a lf o f ’c o a r m in u s w ith the p ostal s e rv ic e on
in cid en t to a. tr a n s fe r o f b u n kin g re la
w h ich so la r g e a p a rt o f th e credit, th e P a c ific « « . . . J b S " s e n U m e S £ |
w e n ly - th r e e s ta te
in stitu tio n s v a n d
lio n s and the possible re m o va l o f <uu
w e n ty -n ln e s ta te d ep artm en ts. V iW f's y s t e m depends, a fa ir con cep tion o f th is m a tte r has ‘
or m ore re gio n a l reserve banks fro m th re e e x c e p tio n s , are kept in S t. P a u l 1the im p o rta n c e o f t h e te r r ito r y s erv e d less fa m ilia r to/ been m a de m o re or
on e c ity to an oth er, i t can be a v o id ­ banks.
d ire c t
ex-j
T h e tra n sa ctio n s o f th e s ta te I fro m S t. P a u l m a y be had b y rem em - pression . A s meir ^yrj l| - ^
ed on ly by the crea tio n in the N o rth
w ith th e 330 banks throughout, the| b o rin g t h a t the 'Tenth d ivis io n o f th e o f it y o u m a i ^ r e m £ w f h6V ef ce
w e s t o f a sep a ra te d istrict, fo r w hich
^
J T
th at
■ iT ’i 11 < in the f.v state w ith w h ich it does business a r e ! r a ilw a y m a il s erv ic e, w ith h ea d q u a r- th e b an ks^J>L3.
1
*
th e re is abun dan t w a rra n t in iiu. e x ­ state w ith w h ich it cioes business a ie ;' '
e
8 i f L ? , I.StH1
t®
nt as|
‘
’•'
sinews an d In ah - con ducted th rou gh St. P a u l banks. T h e - ters here, em brace the S tates o f M in - B u tte, Mvhit., in S I
is tin g volu m e o f busi
M
4h a t i’
th e "" c e n a in tv o f fo llo w in g statem ent, o f business done nesofa, N o rth e rn A ich iga n , W iscon sin , th e y -a lly themse|v e s w lt h
solu te n ecessity
N o r th and South D ak o ta , w ith ju r is ­ k an e o r P ortla n d jr. the
*
c o m in g d ev elo p m e n t as m easured by b y the s ta te tre a s u re r o£ M in n e so ta diction also o v e r m a il s e rv ic e on lines
its p ast h is to ry and by the. a m ou n t o f d u rin g th e y e a r 3913 is m ore s ig n ifi­
e x te n d in g in to M on tan a, Io w a an d N e ­ th e ir "b u s d n e s s'^ bank, r e l T a u ^ ' J
c a n t th an an y a rg u m e n t could, >be:
its un d evelop ed resources.
. V
Peijosits. WUluJrawalK. b raska. T h is sw eeps in te r r it o r y fro m S t P a u Y a n d ' . h f e 0 ™
. ‘ ec* to be
R E C O R D S O F S O IL P R O D U C T I O N . Si. Paul b an ks.. .?P5,S>;i;U<K».70 $18,4oa,Ui4.At Sault St.fi. M a rie on th e east, C h ic a go repz-esented herA\
3,400,10*.
} Ie ss sigon the sou th east, O m aha on the south n ific a n t in a n o tf - L j ®
klnneuiiolls banks :$,813.J04.77
“ T h is b ein g p re-e m in e n tly an a g r i­
th e
c ity
c u ltu ra l region, the ,am ount and valu e j C A P I T A L O F G R E A T N O R T H W E S T , and K a p id c i t y on the sou th w est, w e s t­ and thfirda r t ic uin r jjjp o rt " '“J■ DiUixth,
o p
la
thw est,
w a rd a lo n g th e lin es o f the th ree
o f soil produ cts are in d ic a tiv e o f p re s - 1 "B u s in e s s d e v e lo p m e n t as a ru le fo l- n orth ern tra n sc o n tin en ta l system s. T o m e rc ia l sense a ^ le ent n “ a come n t im p orta n ce, a.nd th eir c h a n ges in - ■loW s th e lin es m a rk e d out and th e i th e w h o le o f this St. P a u l has the en orm ou s tra d e ,-r the - * . o f the
d ic a tiv e o f fu tu re gro w th . T h e in c r e a s e : j.jjannH s w o rn b v h isto ry. T h e N o rth - , rela tio n ' o f a c om m ercia l cen ter.
T h e exp resses its o p ir'1
th
lt Lak es,
in th e v a lu e o f all crops gro w n in th e w est is ' no excep tion . T h re e -q u a rte rs : to ta l route m ileage, o r m iles o f lin es
je c t in th e fo llo w v
w h o le sut>
U n ited S tates b etw een "1899 and 1909 of a C e n t u r y h a v e passed since the firs t o ve r w h ich m a ll cars ran. a t th e end o f fro m the e d it o r iio t ’ ,Iirnj f
®e qu oted
w a s S3 p er cen l. T h e in crease in M in ­ s ettle m en t o f St. P au l. F o r m o re than
the fiscal y e a r w as 26.306, th e to ta l lu th N ew s-Tribu ? »t
th e -Dun eso ta w as 67.2 per cen t; in N o rth s ix iv y e a rs it has been th e fo c a l p o in t
annual m ile a g e 42.037.t591, and the to ta l w e s t shou ld h a v )0 e
G N o r t h -,
D ak o ta . 234.3 per cen t; in South D a­ fo r the fin a n cia l, h isto rica l and g o v ­
t nu m b er o f m a il clerks, in clu d in g offi- should be c o n c lu s — <
:
these banks !
kota, 184.1 p er cen t; in M on tan a, 177-9 ern m en tal d ev elo p m e n t o f a ll th e upper
It s d ev elo p m e n t
, a r g u m e n t.;
p er cen t; in Idaho, 27'‘'.7 per cen t; in portion o f what: w as o rig in a lly the I cials, a t the p resen t tim e is 1,722.
: “ W ith o u t go in g in to d etail, the rec- y e a rs has been p
.tw e n ty i
W a s h in g to n . 2 5.>1 per cent, anti in N o rth w es t T e r r ito r y .
3
F ro m St. P a u l : 01-cls show th at tw e n ty -fo u r F e d e ra l
in g its e lf ra p id ) S
}• -*■*.ls fin d - j
O regon . 124.9 per cen l.
lo N o rth D a ­ h a v e ra diated lines o f business th a t
offices, all.
e x e e p tin g
the s e v e ra l its resou rces, its
, p o te n tia lly . In ■
k ota, Id a h o and W a s h in g to n the crops put and still keep th e p eop le o f these
w c a lth and its :-a
o f 1.909 w e re m ore than three tim es as sta tes in close touelh w ith th eir n atu ra l [a g e n c ie s o f the D e p a rtm e n t o f Justice, hum an e n ergies
1 re p re s e n tin g d istin ct F e d e ra l g o v e r n ­ regio n o f a ll th 1 e'VV :5 tne _g re a te s t !n‘
v a lu a b le as those o f 1899.
in N o rth and o rig in a l cen ter, F ro m St. P a u l en­
m en tal fu n ctions, are cen tered in St. con ceded one o f -v a a ' ^ s h o u ld be I0'
D a k o ta an d also in , outh D a k o ta th ere terprising- m en h a v e gon e out to es­
S
h ™ ).Wy o ig h t
■
i P au l.
T h e ir a c tiv itie s ra d ia te fro m
was. in these ten years, an in crease o f tablish
new
c en ters
of
business f this p oin t in all d irection s JYom th e w ith o u t qu estion
Hitnf- •
' . -v e T A N D J O B B I N G . ’
w e r one m illion acres in the areas o‘L .throughout
’
th e
tr ib u ta r y
cou n try
m d d ev o te d to crops. _ A g ric u ltu re ,; E v e r y t h in g lias con trib u ted to m a ke* I TM;,er P en in su la o f M ic h ig a n 't o the cated a t
1. P a u l.
1, v e g ie t
J
th a t no :
,’r hieh yo u r com m it tec desires e sp ec ia l­ and to k eep this c ity the p lace to P a c ific coast. A ll o f these b ran ches o f M A N U F A C T U R IN G ’e been k ep t fro m ■
ly to s erv e and encourage, is in crea sm # which the people o f the N o rth w e s t n a t­ the g o v e rn m e n t's w o rk req u ire la r g e
fo r i v o lu m e of' the
ie re a t a rate w h ich Ibese figures show u ra lly look fo r business lead ersh ip and fund*- fo r disbursem en ts, and m a n y o f i “ I t is m a tte r
! a c c u ra te s ta tistics h a v N o rth w e s t. i t is, |
them ta k e lu la r g e receip ts.
io be phenom enal.
T h a t ra te o f 111- business accom m o d a tio n .
y e a r to y e a r o f th e m o w n e v e n out,'rease w ill be m a in tain ed su b stan tia lM A N Y FED ERAL EM PLO YES.
FA C TS AB O U T ST. P A U L.
jo b b in g tra d e in the
: . u n question ed 1
y fo r m a n y y ea rs to com e.
I f goes
“ It w ill be in p lace m e re ly to state, I T h e to ta l lis t o f F e d e ra l o ffic ia ls and h o w e ve r, a fa c t w e ll iM is i.ts jo b b in g ,
it h o u t s a y in g t hat the m a rk e tin g o f
region , .a r'th e
c o n tro llin g
lese crops, valu ed :n 1909 at $563.<56'3.- w ith o u t e la b o ra tio n , a fe w o f th e p r in - ; e m p lo ye s in St.. Paul, and under ju ris - side th is
7 fo r the fiv e states and at $691,034,435 cipal p oin ts w h ich e n title St. P a u l to |d iction o f th e F e d e ra l h ea d q u a rte rs in w ith in it, th a t St. P a tra d e as lo n g a s ;
cen ter. I t has been
c en ter, an d f o r ,
• th e seven, dem ands am ple b an k in g con sid era tio n fro m a business p oin t o f St. P au l, in clu d in g the arm y, num bers
¥ ses send th e ir (
view .
It is th e c a p ita l o f the s t a le ; ; 5,802 persons. I t w ould be_ tediou s to p oin t o f th e w h o lesa le
ilities.
and. in a re a l sense, the, c a p ita l as w e l l 'g i v e the sep ara te items_ o f th e ir b a i­ it has been the ra ilro a d tfre ir goods au j
T R A D E W IT H C A N A D A .
ns the ga te w a y ' o f th e N o rth w e s t. I t ja n c e sheets, an y or all o f w h ich can be a s im ila r reason. I t s h, ' the shores o f
re p re s e n ta tiv e s an d sell % r e lia b le estiram m- is th e head o f n a v ig a tio n on tihe M is- j fu rn ish ed if desired. I t is su fficien t to
e annu.tl reports o f th
ion d ep a rtm e n ts o f M inn esota and ; sissippi riv er, and k n ow n n a tio n a lly a s ! s ta te here, th a t th e re ce ip ts and dis- th rou gh the te r r ito r y t- 1 ro a n d nufn- j
\
!
is fo r th e 'c r o p y e a r ’ 1911-12 g iv e s th e m ost im p o rta n t ra ilro a d c e n te r j bu rsem en ts o f the St. P a u l p o s to ffic e P u g e t Sound. T h e mot f
** c o rftm u n ity
arload receip ts o f gra in fo r th eir f w e s t uf C h ic a g o an d n orth o f St. JLouis. le a c h ra n g e fro m $4,'.K ),000 to $4,500,000 m a te o f th e to ta l tra d e
M
1 W in ferop orpal m a rk e ts as fo llo w s : C h icago, I t is the le a d in g jo b b in g cen te r o f th is an n ually.
O f the o th e r F e d e ra l o f- b ers is $400,000,000.
“ W h ile th e a c t iv it y ol ^ p s t i s ■n iak M m neapolis, 130,905;
Duluth, section, h a v in g )n th e sta p le lines such j fiees, th irtee n do
not.
c o lle c t
any
p a r t ic u la r ;
in m a n u fa c tu rin g is usu,
g ro ceries,
d rugs and
h ard w a re, im o n ey , hut re c e iv e fro m the g o v e rn F o r the ca len d a r y e a r 1913 th ey 'a s
am on g
th e la r g e s t! m ent -an annual t o t a l o f $1,571,068.74 fo r tion to its age, th e N o r t
p fo llo w s : C h icago, 203.953 ears; houses th a t a re
T h is, added to th e ln- in g g r e a t p ro gre ss in tt
polis, 160,554; D uluth, o7,920. A, w h o le sa le e sta b lish m en ts in the eou n - 1 s x p e n d ilu res .

Greatness of Municipality and Territory
Never Before Has Been Set Forth
In Such Graphic Detail




A

W . A M E S , a local busi­
ness man, in C hicago

J

4

f

sss:
zsrsr&trz*

Reproduced from the Unclassified I Declassified Holdings of the National Archives

N? 8108.

OF SAINT P A U L .

J O H N R .M I T C H E L L ,

P re s id e n t

C A P IT A $ 5 0 0 , 0 0 0 . 0 0 *
Vice President
J A M E S L . M IT C H E L L ,

Cashier

E D W A R D H .M I L L E R ,

A s s t C a s h ie r

GEORGE M. BRACK,

A ss t C a s h i e r

December 27,

.

Hon. John Skelton Williams,
c/o Treasury Department,
Washington, D. C.
Dear Mr. Williams:
Referring to m correspondence with
y
you recently, I beg to say there has developed since m
y
letter of the 24th a decided feelin g among the business
interests and also the banking interests

of Saint Paul

v

that there should be a federal reserve bank located here,
and it looks as i f there would be quite a contest between
Minneapolis and Saint Paul over the matter.
I was perhaps premature in expressing to you in
m letter of the 24th what appeared to m would be the re­
y
e
sult of a conference.

Personally, I regret exceedingly

that there is to be a contest, as I fear it might result in
losing a bank fo r this section.

I trust, however, that

such w ill not be the case, and I also want to ask you that
the suggestion that the efforts of the two cities wotild
probably be concentrated be considered by you as a
confidential statement to you.




With best wishes, I am

Reproduced from the Unclassified I Declassified Holdings of the National Archives

N9 8108

OF SAINT PAUL.
J O H N

H .X IT C H E X X ,

P re s id e n f

J E R O M E

CAprK^L #500,00000.

W . W H E E L E R ,

Vice P r e s id e n t W IL L IA M B. G S E H Y , .
Vioe P r e s id e -n t
J A M E S

L . M IT C H E L L ,,

C a s n ie r

E D W A R D

H .M U iL B H ,

Ass'r. c a s h i e r

January 21, 1914.
Hon* M n G, McAdoo, Chairman,
fe .
Organization Committee fo r Regional
Reserve Banks,
St. Louis, Mo.
Bear Mr. Secretary:
The Saint Paul Corrur.ittee is
especially desirous of having the enclosed statement
made a part of the records on the testimony given at
the hearing in Chicago.

It was our intention to

have Mr. Am present this at the hearing, but owing
es
to the briefness of the time, we did not call on him
X believe the statement sets forth our position in a
very concise manner.
Thanking you for giving our request
consideration, I am
,




Reproduced from the Unclassified I Declassified Holdings of the National Archives

A ll of the arguments advanced by our sister city m be
ay
classified as follows:
F irst, - "Minneapolis can use a Regional Bank in her bus­
iness* "

For this proposition there seems no need of extended

s ta t i st i cal support,
Second, — "A Regional Bank in Minneapolis would most com
*,
pletely meet the needs of the people of the Northwest."

A

great array of facts have been presented on this point, a l l
of course going to prove that such a bank in the Twin Cities
would best serve those needs.
The arguments from St, Paul are of precisely the same
purport.

When a l l these arguments from both c itie s are put

tqg ether, they surely make a strong showing for the Twin Cities,
St. Paul further argues in it s own behalf that i f a Regional
Bank is established in the Twin Cities it should be placed in
St. Paul, as the immemorial headquarters of the Federal Govern**
ment in the Northwest*

In other words, it should be placed be«

side the United States Custom House, the United States Internal
Revenue O ffice, the United States Courts, the United States Army
Headquarters,the United States Engineer^ Office and the United
States Railway Mail Service Headquarters.

Moreover, there are

Government buildings in St. Paul ready at hand, where the bank
can be accomodated with the least expense to the Government*




Reproduced from the Unclassified / Declassified Holdings of the National Archives

o

In evidence of the sincerity of our claim for the Twin
Cities as a logical site for the Regional Bank, I wish to say,
in behalf of the St. Paul Delegation, that St. Paul is our fir s t
choice, Minneapolis is our second choice, and Chicago is our
third and last choice.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

A TTO R N E Y S A T
FRANK B .K E LLO G G
!
C O R D E N IO A. S E V E R A N C E
O B E R T E .O LD S
3T1LES W .BURR

M ERC H AN TS

LAW

NATIONAL B A N K fllH L D IN G ,

J&irot.

December 2 ^ ,

1^13*

GUY C H A S E
HORACE H. G LE N N

Hjr d ear M r. S e c r e t a r y :
Sow t h a t the cu rren cy b i l l has p a s s e d ,

I suppose

th at a f e d e r a l b o ard w i l l be o r g a n iz e d a n d c i t i e s s e l e c t e d
f o r the l o c a t io n o f f e d e r a l r e s e r v e banka*
I f t h e r e i s any prospect o f one coming to the
Horthwest beyond C h ic a g o , we a r e v er y a n x io u s to get i t
Ideated in S t . P a u l.

S t . P a u l a n d M in n e a p o lis together have

about s i x hundred thousand p e o p le and it

is a very la r g e

b u s in e s s c e n t e r .
I s h o u ld l i k e to know i f an o p p o r tu n it y w i l l be g iv e n
!

t o jpresisnt the c la im o f S t . P a u l f o r the l o c a t i o n o f t h i s b a n k .
I am
ISOst s i n c e r e l y y o u r s,

HonoTabjle W illia m G . McAdop,




S e c r e ta r y o f the T r e a s u r y ,
W as h in g to n ,

D. C.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

POSTJB TELEGRAPH - COMMERCIAL C A B ^ S

9

CLARENCE H. MACKAY,

■

R E C E IV E D A T

■

P O S T A L T E L E G R A P H BU ILD ING

’■

1 3 4 5 P E N N S Y L V A N IA A V E N U E

■

W A S H I N G T O N , D. C .
: m a i n eeoo

t e l e p h o n e

P r e s id e n t .

TELEGRAM

DELIVERY No.

The Postal Telegraph-Cable Company (Incorporated)transm its and delivers this message subject to the terms and conditions printed on the back of this blank.
t6W— 7131

15 5g

DESIGN PATENT No. 40529

gr

17

A

S t P a u l M in n Dec
Hon John

.„ > • *

2 6-13

S k e lt o n W illia m s
A sst S e c y of The Treasy Washn DC

A p p l i c a t i o n w i l l be made by

stP a u l fo r reserve bank therefo re

p le a s e d is r e g a r d my l e t t e r of twenty fo u rth




6 2 7 -p

John R M it c h e ll,

}—

..................................." ,l” .......................... 1 .................... .
Reproduced from the Unclassified I Declassified Holdings of the National Archives

Form 2289 B

NIGHT L E T T E R

THE! WESTERN UNION TELEGRAPH COMPANY
*

IN C O R P O R A T E D

SAOOO O FFIC E S IN A M ER IC A

C A B LE SER V ICE T O A LL T H E W ORLD

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$
This is jpi T J N R E P E A T E D N I G H T L E T T E R , and is delivered by request o f the sender,Tinder the conditions named above.

T H ^ p V j N . VAIL, P r e s i d e n t

I

'

...............

R e c e iv e d

m
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.

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SECY OF A G R I C U L T U R E W A S H N DC
THE ASSN OF C O M M E R C E R E P R E S E N T I N G
S T P A U L HAS U N A N I M O U S L Y P A S S E D A

THE ENTIRE B U S I N E S S

INTERESTS OF

R E S O L U T I O N R E Q U E S T I N G Y O U R C O M M I T T E E TO

D E S I G N A T E S A I N T - P A U L THE C A P I T O L OF THE STATE OF M I N N E S O T A
AND THE H E A D Q U A R T E R S OF TWO

T R A N S C O N T I N E N T A L R A I L R O A D S AS ONE OF

THE F E D E R A L RESERVE C I T I E S U ND ER

THE P R O V I S I O N S OF THE C U R R E N C Y

BILL
E S W A R N E R PRES




j H BEEK GE N L SEC Y S T P A U L ASSN OF COMM
118A

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Reproduced from the Unclassified I Declassified Holdings of the National Archives

NIGHT L E T T E R

THE WESTERN UNION TELEGRAPH COMPANY
INCORPORATED

25,000 OFFICES IN AMERICA

CABLE SERVICE T O ALL T H E WORLD

This Company T R A N S M I T S and D E I .IV E R S messages only on conditions limiting* its liability, vrbich have been assented to by the sender o f the follow in g N i g h t L e tte r^
Errors can be guarded, against only by repeating: a message back to the sending station for comparison, and tho Company w ill not hold itself liable for errors or delays in
transmission or delivery o f U n r e p e a te d K lg h t L e tte r s , sent at reduced rates, beyond a sum equal to the amount paid for transmission; nor in any case beyond the sum o f
F i f t y D o lla rs, at which, unless otherwise stated below, this message has been valued by the sender thereof, nor in any case where the claim is not presented in w ritin g within
sixty days after the message is filed w ith the Company fo r transmission.
This is an U N R E P E A T E D N I G H T L E T T E R , and is delivered by request o f the sender, under the conditions named above.

T H E O . N. V A I L , PRESIDENT

R e c e iv e d

B E L V I D E R E B R O O K S , GENERAL. MANAGER

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S T P A U L M I N N DEC 2 6-13

T H E . H O N C O M P T R O L L E R OF T H E C U R R E N C Y
W A 8 H N OC
T H E A S S O C I A T I O N OF C O M M E R C E R E P R E S E N T I N G
OF S T P A U L H A S U N A N I M O U S L Y P A S S E D
TO D E S I G N A T E

INTERESTS

A RESOLUTION REQUESTING YOUR COMMITTEE

SAINTPAUL THE CAPTIOL

OF T H E STATE OF M I N N E S O T A AND

THE H E A D Q U A R T E R S OF T W O T R A N S C O N T I N E N T A L
FEDERAL RESERVE CITIES UNDER THE

THE E N T I R E B U S I N E S S

R A I L R O A D S AS ONE OF THE

P R O V I S I O N S O F ' T H E C U R R E N C Y BILL

E 8 WARNER

/a n s w e r e d !
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http://fraser.stlouisfed.org/......... .........
Federal Reserve Bank of St. Louis

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Reproduced from the Unclassified I Declassified Holdings of the National Archives

NIOHT L E T T E R
THE WESTERN UNION TELEGRAPH COMPANY
IN C O R P O R A T E D

25,000 OFFICES IN AMERICA

CABLE SERVICE T O ALL T H E WORLD

This Company T R A N S M I T S and. D E L I V E R S messages only on conditions limiting1its liability, which have been assented to by the sender o f the following: N ig h t L e t t e r .
Errors can be guarded against only by repeating a message back to the sending station for comparison, and the Company w ill not hold itself liable for errors or delays in
transmission or delivery of U n r e p e a te d N lffb t L e tte rs , sent at reduced rates, beyond a sum equal to the amount paid for transmission; nor in any case beyond the sum of
F i f t y D o lla rs, at which, unless otherwise stated below, this message has been valued by the sender thereof, nor In any case where the claim is not presented in w ritin g within
six ty days after the message is filed w ith the Company for transmission.
This Is an IJ N K E P E A T E D N I G H T L E T T E R , and Is delivered by request o f the sender, under the conditions named above.

T H E O . N. VAIL, P R E S ID E N T

R e c e iv e d

B E LV ID E R E B R O O K S, G E N E R A L M A N A G E R

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T DS NT S P U TEC P O O TE SAE O M NS T
O E IG A E T A L H A IT L F H T T F IN E O A
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Reproduced from the Unclassified I Declassified Holdings of the National Archives

S A IN T P A U L C L E A R IN G H O U S E A S S O C IA TIO N
S A IN T P AU L, MINN.

December 27, 1913*

Honorable W. G. McAdoo, Secretary of the Treasury,
And The Reserve Bank: Organization Committee,
Washington, D . C
Gentlemen;
At a meeting of the St. Paul Clearing House Association
held on the 27th day of December, 1913, it was unanimously resolved
that:
The President and Secretary of this Association are hereby
authorized and directed to make application to the Reserve Bank:
Organization Committee for the designation of the city of St. Paul
as the location of a Regional Reserve Bank,
In accordance with the foregoing resolution application is
hereby made for the location of a Regional Reserve Bank in the city
of St. Paul.
We respectfully request that representatives of this Association
he accorded a hearing at the convenience of your Committee.




Very truly yours,
ST. PAUL CLEARING HOUSE ASSOCIATION.

ReprodtJced'from the UnclaS^ffte^/ Declassified Holdings of the National Archives

W O O D B O U G H T A N D SO LD

TE L E P H O N E NO. 61

HIGHEST PRICE PAID FOR HIDES A N D FURS

S h e l u i i n C it y J ta rn is h in g S o u s e
MAX SIGEL,

PR O PR IETO R.

DRY GOODS. CLOTHING, BOOTS AND SHOES, GROCERIES, FLOUR AND FEED.

^

M & tx m b ,

iW m w e s o t a ,

Jan u ary 12 th 1 9 1 4 •

Hon. W .n G .

MoAdoo1 Chairman,

Peserve Bank O r g a n is a t io n Sonnitee*

W ashingto n,

D.

C.

I the u n d e r sig n e d b e in g a d it i g e n o f ST. ^ a u l

f o r the la st tw enty years u r g e n t ly w is h that you lo c a t e one o f

F e d e r a l P e s e r v e Banks in S t .

^aul<_ as I f ir m l y b e l i e v e and f e e l th

that St . Pfeul is the L o g ic a l and Hatmrat C it y f o r the N o rthw estrn

F ed er al Ifeb'erve Bank




Reproduced from the Unclassified I Declassified Holdings of the National Archives

General M erchandise and H a rd w a re
Cth« 1913*

Warren, Minn.,
lion. W* G • McAdoo,
Reserve ^a n k O r g a n is a t io n Cow*
W ashington . D • 9 •
i'ear S ir*-

We u n d e r s t a n d t h a t there w i l l p ro b a b ly be a
F e d e r a l Reserve Bank lo c a te d i n the northwest

, wc r e s p e c t f u l l y

p e t i t i o n your ho norable body th at g iv e M in nesota t h e te
c o n s id e r a t io n

. We w is h a ls o to s t a t e that the m a jo r it y o f

our c o u m m it y f a v o r 3 t * P a u l as a lo c a t io n f o r t h is ban?; ,
the reaso n s f o r our f a v o r i n g S t *P a u l h a *r u n d o u b t e d ly
a lr e a d y been o u t l in e d to you , and we t r u a t you w i l l
see yoi’r way c | ^ S r * t o




lo ca te same

Yours v e r y t r u l y ,

that c i t y

•